March 28 2008
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March 28, 2008. Western Financial Group 2007 Year End Financial Results Conference Call. Forward-Looking Statements.

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March 28, 2008

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March 28 2008

March 28, 2008

Western Financial Group2007 Year End Financial Results Conference Call

Forward looking statements

Forward-Looking Statements

This presentation contains certain forward-looking statements. Forward-looking statements include, without limitation, statements regarding the future financial position, business strategy, budgets, litigation, projected costs, capital expenditures, financial results, taxes and plans and objectives of or involving Western Financial Group Inc. (the “Company”) or its subsidiaries. Many of these statements can be identified by looking for words such as ‘‘believe’’, ‘‘expects’’, ‘‘expected’’, ‘‘will’’, ‘‘intends’’, ‘‘projects’’, ‘‘anticipates’’, ‘‘estimates’’, ‘‘continues’’ or similar words. The Company believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties only some of which are described herein. Many factors could cause the Company’s actual results, performance or achievements to, or future events or developments to, differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the risk factors, which are discussed in greater detail in the ‘‘Risk Factors’’ section of the prospectus. Any forward-looking statements are made as of the date hereof and the Company does not assume any obligation to publicly update or revise such statements to reflect new information, subsequent events or otherwise.

Non-GAAP Measures

Throughout this presentation, the Company may use the term ‘‘operating income’’ to refer to earnings, including investment income, before interest expense, taxes, depreciation and amortization of intangible and capital assets, excluding gain (loss) from the sale of assets and income (loss) from equity investments. The Company uses ‘‘operating income’’ to assist it in measuring corporate performance before the costs of capital and amortization of capital and intangible assets. Operating income is not a measure recognized by GAAP and does not have a standardized meaning prescribed by GAAP. Therefore, this measure may not be comparable to similar measures presented by other issuers and investors are cautioned that it should not be used as an alternative to ‘‘net income’’ or other measures of financial performance calculated in accordance with GAAP.

Today s remarks

Today’s Remarks

  • Operational Progress in 2007

  • Top Three Achievements in 2007

  • 2007 Financial Review

  • Priorities for 2008

Operational progress in 2007

Operational Progress in 2007

Wfg agency network

WFG Agency Network

  • Same store customer count 4.3%.

  • Same store sales 7.7%.

  • Soft pricing market continues.

  • “Insurance to Value” initiatives helping build revenue.

  • Acquisitions of Oncescu and Early in Q4 – 23 in 2007.

Western life assurance

Western Life Assurance

  • Sales and production in Creditor Life.

  • Certificate count growth 15% in 2007.

  • Bolt-on product for network is at 4,800+ policies. Target was 20,000 by Q2/08, will need to be extended through 2008 Y/E.

Bank west

Bank West

  • Loans:

    • $149.4 M in 2006

    • $286.8 M in 2007 including $90 M Ubiquity

  • Decision on new banking platform – Wealthview.

  • Capital capacity for $65 million of growth.

Top 3 achievements in 2007

Top 3 Achievements in 2007

Top 3 achievements in 20071

Top 3 Achievements in 2007

  • Bank West in black.

  • Dividend initiation.

  • Network’s internal and external growth.

2007 financial review

2007 Financial Review

Total revenue

Total Revenue

CAGR 28.2%

Earnings per share

Earnings Per Share

CAGR 34.6%



The network

The Network

Bank west1

Bank West

Western life assurance1

Western Life Assurance

Corporate all other

Corporate & All Other

Western financial group historical consolidated roe

Western Financial GroupHistorical Consolidated ROE

Western financial group debt to equity ratio

Western Financial GroupDebt to Equity Ratio

Priorities for 2008

Priorities for 2008

2008 priorities

2008 Priorities

  • Agency acquisitions – pipeline.

  • Ubiquity Bank integration/Bank West new operating system.

  • Direct marketing initiative – Network/Life WFGO “bolt-on” acceleration.

  • Increase leverage to 35% debt to equity.



March 28 2008

…because we live here.

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