New Client to Expand Annuity Product Portfolio EL SEGUNDO, Calif., March 4 /PRNewswire/ -- Computer SciencesCorporation (NYSE: CSC) today announced that Western & Southern FinancialGroup has licensed CSC's Wealth Management Accelerator and Visual ProductModeling System (VP/MS). Western & Southern will use the two systems tosupport annuity payout product development and administration initially atthree of its member companies: The Western and Southern Life InsuranceCompany, Integrity Life Insurance Company and Columbus Life InsuranceCompany. These companies will use CSC's software to introduce new wealthmanagement products, including an immediate annuity for retiring BabyBoomers. In the future, they plan to move their existing annuity payoutprocessing to Wealth Management Accelerator to take advantage of thesystem's benefit payout capabilities. They will use VP/MS as their externalrules and calculation engine for Wealth Management Accelerator and willassess using VP/MS for other existing policy administration systems. Western & Southern is the eighth top 50 U.S. life and annuity insurerto license Wealth Management Accelerator, which is the only software thatenables annuity providers to support both wealth accumulation anddistribution in a single administration system. It manages group andindividual, qualified and non-qualified, and fixed and variable products.In addition to supporting a full range of payout options, Wealth ManagementAccelerator also automates life and annuity processes, including generalledger accounting, premium billing and collection, and customer service. "We needed a system that would carry us into the future and give us thepower to quickly develop, launch and support new annuity payout products,"said Clint Gibler, Western & Southern senior vice president and chiefinformation officer. "Wealth Management Accelerator was the clear choicefor making our annuity payout products more flexible and our processes moreagile. This new agreement will also let us tap CSC's extensive industryknowledge and experience." "We welcome Western & Southern to CSC's client community and theopportunity to collaborate with them as they create increasinglysophisticated financial products," said Michael W. Risley, president of theLife and Annuity Division of CSC's Financial Services Sector. "Leading-edgesoftware like Wealth Management Accelerator provides the toolsinnovative-thinking financial services companies need to successfullycompete for a share of the huge Baby-Boomer market." For more information visit http://www.csc.com/wealthmanagement. About Western & Southern Western & Southern Financial Group is a Cincinnati-based diversifiedfamily of financial services companies with assets owned, managed and underour care in excess of $47 billion. A Fortune 500 company, Western &Southern has received A.M. Best's highest rating of A++ Superior forfinancial strength, Standard & Poor's AA+ rating (one of the 10 highestrated life insurance groups in the world based on Standard & Poor'sratings) and is consistently recognized by Moody's & Fitch for financialstrength and sound management. Its heritage dates back to 1888 with thefounding of The Western and Southern Life Insurance Company. Ratings are current as of 1/31/2008 and refer to the financial strengthof the insurance company and not to the safety, stability or performance ofany investment product. About CSC Computer Sciences Corporation is a leading information technology (IT)services company. CSC's mission is to be a global leader in providingtechnology-enabled business solutions and services. With approximately 91,000 employees, CSC provides innovative solutionsfor customers around the world by applying leading technologies and CSC'sown advanced capabilities. These include systems design and integration; ITand business process outsourcing; applications software development; Weband application hosting; and management consulting. CSC reported revenue of$16.1 billion for the 12 months ended Dec. 28, 2007. For more information,visit the company's Web site at http://www.csc.com.
