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November 22, 2005
Millea Holdings, Inc.
2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo

Affect of incurred losses accounted in FY 05 interim results caused by natural disasters

We would like to extend our sincere and warmest sympathies to those who have suffered damage from natural disasters.

The followings are the affect of incurred losses accounted in FY 05 interim results of Tokio Marine Nichido which released today caused by major natural disasters both home and abroad of Japan:

1.Net incurred losses on a direct basis by natural disasters in Japan 

(Unit:bn yen)
  Fire,etc. Auto Marine Total
Miyagi offshore earthquake 0.32 0.07 0.00 0.39
Typhoon No.11 0.49 0.06 0.02 0.57
Metropolitan rainstorm 0.77 0.69 0.00 1.47
Typhoon No.14 8.32 1.34 0.06 9.72
Others 0.28 0.29 0.02 0.59
Total 10.18 2.45 0.10 12.74

Notes

The information in the above table presents the net incurred losses as of the end of FY 05 interim period.


2.Net incurred losses caused by Hurricane Katrina

Net incurred losses accounted in FY 05 interim results caused by Hurricane Katrina which occurred around the end of August are as follows: 

(a) Underwritten by the entities managed by Tokio Marine & Nichido including its U.S. branch : approx. 3.2 bn yen
(b) Underwritten by three reinsurance subsidiaries of Tokio Marine Nichido i.e. Tokio Millennium Re (Bermuda), Tokio Marine Global Re (Dublin) and Tokio Marine Global (London) : approx. 9.4 bn. yen

Notes

The losses caused by Hurricane Rita which occurred in September, 2005 are small enough to be neglected in FY 05 interim results. The above figures are based on information available to us as of the end of FY 05 interim period.