Tokio Marine Holdings, Inc. (the “Company”) has revised its FY 2008 business forecasts for the Tokio Marine Group (the “Group”) on an adjusted earnings basis, originally announced on May 21, 2008, to reflect its recent business performance.

The Company expects the Group’s total adjusted earnings in FY2008 to be 24.2 billion yen.

In the domestic property and casualty insurance business segment, the Company has revised its original forecast downward to 16.9 billion yen, as investment returns on managed assets are expected to decrease due to turbulence in domestic and overseas financial markets.

In the domestic life insurance business segment, the Company revised its original forecast downward to 4.3 billion yen due to the expected adverse impact on its variable annuity insurance business due to turbulence in domestic and overseas financial markets.

In the overseas insurance business segment, the Company revised its original forecast downward to 14.2 billion yen due to increased claim payouts in some regions.

With respect to financial and other business segment, the turbulent financial markets have weakened the performance of the Company’s financial subsidiaries and have resulted in a downward revision of the original forecast to an 11.2 billion yen loss.




Appendix 1

1. Domestic property and casualty insurance business
Indices for Tokio Marine & Nichido and Nisshin Fire are as follows:



2. Domestic life insurance business
Indices for Tokio Marine & Nichido Life and Tokio Marine & Nichido Financial Life are as follows:


3. Overseas insurance business
Indices for the overseas insurance business are as follows: