2009 Actuarial Science Outstanding Alumnus: Kent H. Somers

Kent H. Somers is Vice President, Appointed Actuary and Head of the Financial Actuarial Department of the Lincoln Financial Group.

His areas of responsibility include statutory and tax valuation for all U.S. domestic life insurance business, GAAP valuation for domestic life and annuity business, participation in the equity risk management for the Corporation, internal management reporting and product profitability analysis. Somers also serves on the Executive Steering Committee for the Actuarial Development Program of the Company.

Prior to assuming his current role, Somers headed the Life & Annuity Valuation Department within Lincoln Financial Group and was responsible for the statutory, GAAP and tax valuations for all of the domestic life and annuity business, and hedging of equity risks from annuity product guarantees.

Somers has held a number of roles within the company including Valuation Actuary, Director of Asset/Liability Management, and Assistant Appointed Actuary. Some of his areas of involvement included acquisitions, surplus investment portfolio management, fixed-income derivative trading for hedging purposes, and internal risk-based capital measurement and allocation.

Somers joined Lincoln Financial Group as part of the actuarial program directly out of college in 1986 after earning his Bachelor of Science degree in Mathematics from Purdue University. He is a Fellow of the Society of Actuaries, earned his Chartered Enterprise Risk Analyst (CERA) credential and is a CFA Charterholder.

He and his wife, Lisa, have three children, Kyle, Kira and Kenna, and reside in Fort Wayne, Indiana.

To read more about Kent H. Somers, read his Alumni Profile.

Announcement that was given at the time of the award.