We would like to express our sincerest sympathies to all who have suffered losses as a result of Typhoon No. 15.

As of September 30, data compiled by Tokio Marine & Nichido Fire Insurance Co., Ltd., a subsidiary of Tokio Marine Holdings, Inc., on losses resulting from Typhoon No. 15 (Typhoon Roke, which crossed central Japan on 21 September) had exceeded certain levels and, therefore, are reported below.

The amounts shown below are based on information available as of September 30 and could change materially based on the results of claims investigations and other factors.

As our Group maintains rigorous risk control, financial statements will eventually reflect the benefits including applicable reinsurance and catastrophe reserves*1.

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.


Incurred losses on a direct basis*2 (Incurred losses related to policies for which Tokio Marine & Nichido Fire Insurance is the sole or lead underwriter) *3

(billions of yen)

*1：	Catastrophe 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 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 reserves are reversed by an amount corresponding to the exceeded portion of loss ratios.
*2：	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)).
*3：	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.