BENCHMARKS REPORT

Industry Measure: Business Segment Data
| SIC: | 6371 |
| INDUSTRY: | PENSION, HEALTH ANDWELFARE FUNDS |
| BENCHMARKS FOR THE INDUSTRY |
| NO. OF SEGMENTS REPORTING IN THE INDUSTRY: 6 |
|
1997 SALES FOR THE INDUSTRY: $ 4016 (Total Sales in $Millions) |
|
OPERATING MARGIN: 21.0 (Allocated Operating Profits (divided by) Segment Sales) |
|
ASSET INTENSITY: 2178.7 (Allocated Assets (divided by) Segment Sales) |
|
SALES GROWTH: -2.4 (Compound 3-Year Growth Rate in Sales for the Median Participant in the Industry) |
| BENCHMARKS FOR THE TOP FOUR COMPETITORS |
| ROA: Allocated Operating Profits (divided by) Allocated Operating Assets |
| Competitor/Rank by Sales |
Market Share (% Ind. Sales) |
ROA |
| #1: CIGNA CORP |
44.8 | 0.7 |
| #2: AETNA INC |
40.4 | 1.2 |
| #3: ALLMERICA FINANCIAL CORP |
6.1 | 1.5 |
| #4: PROTECTIVE LIFE CORP |
5.2 | 0.9 |
| Total of #1-4: | 96.4 | 1.0 |