October 10, 2006
Millea Holdings, Inc.
2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo
Estimated incurred losses caused by Typhoon No. 13 (updates)
We sincerely would like to extend our warmest sympathies to those who have suffered damage from Typhoon No. 13.
The followings are updates of estimated incurred losses caused by Typhoon No. 13 that Tokio Marine & Nichido Fire Insurance Co., Ltd., a subsidiary of Millea Holdings, Inc., has compiled as of October 6, 2006:
<Estimated incurred losses on a direct basis>
(Unit: Billion yen)
The information included in the above table does not take into account reinsurance purchased by Tokio Marine & Nichido relating to these potential loss events. The amounts indicated do not take into account the amounts of claims paid and outstanding claims reserves recoverable by Tokio Marine & Nichido from its reinsurers.
The figures represent all policies led by Tokio Marine & Nichido assuming that our shares are always 100%, i.e. includes our co-insurers' shares where our direct share is not 100%, and excludes policies where we have shares as a follower on policies led by other insurance companies.
* * * * *The above preliminary estimates are based on information available to us as of October 6, 2006. These amounts will be subject to adjustment and may materially change based on the results of claims investigations and other factors.