September 27, 2005
Millea Holdings, Inc.
2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo
Estimated incurred losses caused by natural disasters (updates)
We would like to extend our sincere and warmest sympathies to those who have suffered damage from natural disasters.
The information included in the above table presents the estimated incurred losses under both (a) policies wholly underwritten by Tokio Marine & Nichido and (b) policies led by Tokio Marine & Nichido but partially underwritten by other insurers. Policies partially underwritten by other insurers have been deemed wholly underwritten by Tokio Marine & Nichido for convenience purposes. Additionally, for convenience purposes, estimated incurred losses under policies led by other insurers but partially underwritten by Tokio Marine & Nichido are not included.
The information included in the above table also does not take into account reinsurance purchased or sold by Tokio Marine & Nichido relating to these potential loss events. The amounts indicated do not take into account amounts recoverable by Tokio Marine & Nichido from its reinsurers or increased liabilities Tokio Marine & Nichido may have under reinsurance policies it has underwritten.
The above preliminary estimates of Metropolitan rainstorm and Typhoon No. 14 losses are based on information available to us as of September 16, 2005. Also, the above preliminary estimates of other than Metropolitan rainstorm and Typhoon No. 14 losses are based on information available to us as of the end of August, 2005. These amounts will be subject to adjustment and may materially change based on the results of claim investigations and other factors. Our actual incurred losses as a result of these natural disasters may also be materially affected by reinsurance and partial underwriting arrangements.
2.Estimated net incurred losses caused by Hurricane Katrina
There is no change on the estimation which we announced on September 20, 2005 as follows: