We would like to express our sincerest sympathies to all who have been affected by Typhoon No. 12, No.15 and Hurricane Irene.

Of natural disasters that have occurred in Japan and overseas in FY2011, losses resulting from the following natural disasters had exceeded certain levels and, therefore, are reported below.
Figures shown below are based on information available as of today and could change materially in the course of future progress of damage reporting, claims investigations, and other factors.

Our Group maintains rigorous risk control, and the adjusted capital for Tokio Marine Holdings for the fiscal year ended March 31, 2011 is approximately 2.9 trillion yen. We believe the losses reported on herein will have a minor impact on the financial soundness of Tokio Marine Holdings.

1. Natural catastrophe losses in Japan
Figures shown below are incurred losses on a direct basis*1 (Incurred losses related to policies for which Tokio Marine & Nichido Fire Insurance is the sole or lead underwriter) *2. Financial statements will eventually reflect the benefits including applicable reinsurance and catastrophe loss reserves*3.

(As of October 20, 2011, billions of yen)

	Fire, Other lines	Auto	Marine, Transport	Total
Typhoon No. 12 (Talas)	6.99	1.57	0.10	8.67
Typhoon No. 15 (Roke, Revised)	11.77	2.10	0.40	14.28

*1:	Incurred losses on a direct basis
	This is the sum of the amount of claims paid, before considering amounts recoverable from reinsurance, and outstanding claims reserves (but does not include claims incurred but not reported (IBNR)).
*2:	Incurred losses related to policies for which Tokio Marine & Nichido Fire Insurance is the sole or lead underwriter
	The amounts shown above reflect estimated incurred losses related to policies underwritten solely by Tokio Marine & Nichido Fire Insurance and joint insurance policies for which Tokio Marine & Nichido Fire Insurance is the lead insurance underwriter among a group of coinsurance underwriters. Estimated incurred losses related to coinsurance policies for which another insurer is the lead underwriter are not included.
*3:	Catastrophe loss reserves
	To prepare for the payment of claims resulting from events like large-scale natural disasters, a portion of insurance premiums is set aside as catastrophe loss reserves. In each financial reporting period following a disaster, loss ratios are calculated for each type of insurance. When loss ratios exceed catastrophe loss ratios established by the Insurance Business Act, the catastrophe loss reserves are reversed by an amount corresponding to the exceeded portion of loss ratios.

2. Natural catastrophe losses overseas
Estimated net incurred losses of the Tokio Marine Group caused by Hurricane Irene that made landfall in North Carolina and New Jersey, the eastern U.S. in August 2011 are as follows.

- Tokio Marine & Nichido Fire Insurance (including U.S. branch): Approx. 0.2 billion yen
- Subsidiaries*4: Approx. 7.0-8.0 billion yen

*4:	Philadelphia, Kiln, Tokio Marine Underwriting, and Tokio Millennium Re (UK) are subsidiaries of Tokio Marine & Nichido Fire Insurance.