November 30, 2004
Millea Holdings, Inc.
5-1 Otemachi 1-chome, Chiyoda-ku, Tokyo
Estimated incurred losses caused by hurricanes in U.S. (preliminary report)
The incurred losses caused by hurricanes (Charley, Frances, Ivan and Jeanne) in U.S. which occurred during August through September 2004 that Millea Group* has received as of November 29, 2004 is approx. 5.9 bn yen.
*Underwritten by Tokio Millennium Re (Bermuda), Tokio Marine Global Re (Ireland) and entities managed by Tokio Marine & Nichido U.S. branch.
The above preliminary estimates are based on information available to us as of November 29, 2004. These amounts will be subject to adjustment and may materially change based on the results of claims investigations and other factors.