Building a better future
Health and financial well-being have no borders. That’s why we’re committed through our work and partnerships to addressing issues that have a global impact.
Our employees are driving innovation in climate resiliency, breaking barriers for underrepresented people in our industry, and partnering with the United Nations Global Compact. As we strive to protect the health and financial well-being of people everywhere, we remain committed to our mission.
Three Pillars: Our commitment for creating social impact
A spirit of social responsibility has permeated Milliman’s DNA since its founding in 1947. Three pillars represent our commitment:
Our Work
In our client work, we live our mission at its core through projects to design crop insurance that protects Ethiopian farmers from loss of income, closing the inequality gap for women in retirement planning, and developing better coverage for flood insurance.
Our People
We nurture and celebrate our employees through activities, education, mentoring programs, and Employee Resource Groups that promote diversity and inclusion. These efforts help employees grow in their careers and build their connections within our organization. We’re also committed to increasing underrepresented people in our industry through scholarship programs and sponsorships of the International Association of Black Actuaries and the Organization of Latino Actuaries.
Our World
We contribute to communities worldwide through donations, volunteering, and collaboration. For example, Milliman Giving Fund partners with not-for-profit organizations such as the Math Motivators tutoring program. Partnering with the United Nations Development Program (UNDP), the Milliman Global Actuarial Initiative fosters actuarial expertise in developing countries. And the Milliman Climate Resilience Initiative unites perspectives across industry, government, academic, and not-for-profit sectors to anticipate and measure the most pressing climate risks and drive effective responses.
Milliman’s journey to net-zero
In 2022, Milliman’s Board of Directors formally approved Milliman becoming net-zero by 2040. The firm submitted our science-based targets for verification to the Science Based Targets initiative (SBTi) in November of 2022, and in June of 2023 our targets were confirmed.
Overall net-zero target
Milliman commits to reach net-zero greenhouse gas (GHG) emissions across the value chain by 2040.
Near-term target
Milliman commits to reduce absolute scope 1, 2, and 3 GHG emissions 46.2% by 2030 from a 2019 base year.
Long-term target
Milliman commits to reduce absolute scope 1, 2, and 3 GHG emissions 90% by 2040 from a 2019 base year.
Milliman Social Impact Report
Learn how we work to protect the health and financial wellbeing of people everywhere.
Social impact & sustainability statement and policies
Discover how we set a standard for ethical and sustainable business practices, innovation that transforms communities, philanthropic pursuits, and diversity and inclusion.
DE&I at Milliman
Understand our approach to DE&I initiatives and DEI supplier engagement within the firm.
Social impact in action
Actuary of Tomorrow — Stuart A. Robertson Memorial Scholarship
Stuart A. Robertson, FSA, MAAA (1918-2005) co-founded Milliman & Robertson (now Milliman, Inc.) along with Wendell Milliman. The Actuary of Tomorrow — Stuart A. Robertson Memorial Scholarship was established to honor his dedication to excellence and recognize his tremendously positive influence on the professional lives of many colleagues. The scholarship of up to $10,000 recognizes and encourages the academic achievements of undergraduate students pursuing a career in actuarial science.
Application period: November – June
International Association of Black Actuaries Scholarship
Milliman is a sponsor of the IABA at the Corporate Advisory Council (CAC) level since 2019. This includes a seat on the CAC, participation in the IABA’s annual meeting and career fair, and an annual $5k Milliman-named scholarship and internship to a qualified Black student at the undergraduate and graduate level who is interested in pursuing an actuarial career.
Application period: January
Milliman Opportunity Scholarship
We assist students from ethnic groups and races that are underrepresented in the fields of actuarial science, data science, computer science, economics, programming, mathematics, statistics, data analytics, or finance. Recipients must have demonstrated academic excellence and plan to pursue a career in actuarial science or related fields. Since 2017, we have awarded $5,000 scholarships to more than 100 students attending colleges and universities across the United States, Australia, and South Africa.
Annual application period: March – April
Organization of Latino Actuaries
Milliman is a platinum sponsor of the Organization of Latino Actuaries (OLA) since 2019. This includes participation in the OLA annual meeting and recruiting event, and $5K to the OLA general scholarship fund which awards academic scholarships to Latine students interested in the actuarial profession.
Application period: December – April
Wendell Milliman Scholarship
The Wendell Milliman scholarship is open to dependent children of non-shareholder employees of Milliman. Selected applicants will receive a scholarship of up to $7,500. Students must be attending an accredited two- or four-year public or private college or university full-time at the undergraduate level. Applicants must be majoring or intend to major in mathematics, computer science, business, finance, economics, actuarial science, or health sciences.
Application period: February – March
Transforming communities
United Nations Global Compact
In 2019, Milliman amplified its commitment to social responsibility. We signed on to the United Nations Global Compact, committing to the United Nations Sustainable Development Goals (UNSDGs) that aim to end poverty, protect the planet, and ensure prosperity for all. The UNSDGs are a natural extension of Milliman’s mission to protect the health and financial well-being of people everywhere.
Milliman Giving Fund
While many staff donate and volunteer locally, our firmwide charitable giving is directed by our employee and retiree-funded Milliman Giving Fund. The Milliman Giving Fund amplifies our mission by funding transformative programs to improve the health, education, and economic development of communities worldwide. We have granted more than $3 million to fund signature projects with partners in these focus areas. At this time, the Milliman Giving Fund only accepts proposals by request.
Opportunity International – Opportunity Zone
The Milliman Giving fund partners with Opportunity International to fuel the economic transformation of thousands of parents and children living in poverty in Uganda and Colombia. From 2019-2021, we granted $750,000 to fund an Opportunity Zone program in Mityana, Uganda. The program combines two high-impact education and rural finance programs to create a zone where more jobs, higher incomes for parents, and quality education for children accelerate the pace in which families and communities can build a better future. Based on its success, we have granted up to $900,000 from 2022-2024 to build on the progress of the Mityana zone and start a new zone in Cartagena, Colombia.
The Actuarial Foundation – Math Motivators
Milliman partners with The Actuarial Foundation to support Math Motivators—a free tutoring program that pairs lower-income students with volunteer math tutors.
Since 2018, the Milliman Giving Fund has been a significant funder of the program’s expansion that helped reach more than 1,000 students per year in 22 states. Our continuing support enables further program expansion, including virtual tutoring, drop-in centers, expanded grade levels, test prep, tutoring in multiple languages, and their Money Mentors financial literacy program.
Milliman employees and retirees also volunteer as tutors in many cities.
Partners in Health – Navajo Nation
Our 2021-2023 grant helps Partners in Health support the Navajo Nation to address significant health disparities in one of America’s largest indigenous communities. The program works with a native-run nonprofit to strengthen the health system and improve the lives of those living with chronic diseases.
Splash – Project WISE
Our 2021-2023 grant makes us the lead corporate partner in a multi-year effort by Splash to bring clean drinking water, sanitation, and menstrual hygiene education to every public school in Kolkata, India and Addis Ababa, Ethiopia through Project WISE.
Inclusivity in employee benefits
Milliman DE&I and benefits leaders discuss how plan design and messaging can help foster diversity, equity, and inclusion.