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| [English Translation] |
September 8, 2006 |
| To whom it may concern: |
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Mitsui Sumitomo Insurance Co., Ltd. |
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Premiums Written for the Four Months Ended July 31, 2006
(non-consolidated basis) |
The Company hereby announces premiums written for the four (4) months ended July 31, 2006 on a non-consolidated basis, as set below.
The Company received a partial business suspension order from the Financial Services Agency of Japan in June 2006. We all at the Company are now working rigorously on the specific remedial actions in accordance with the business improvement plan.
We estimate that the negative impact the administrative measures may have on our business results for the current fiscal year is not so significant as to require a revision and timely disclosure of our previously released yearly projections. However, we will announce our updated yearly projections reflecting the results for the first half of the fiscal year, at the time we announce the results in late-November.
As part of this approach, we have decided to report premiums written for the four (4) and five (5) months ended July and August 31, 2006, respectively, just for information for the time until such full-year revision is ready to be announced.
And so, premiums written for the five (5) months ended August 31, 2006 are scheduled to be announced early October.
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| < Premiums written for the four (4) months ended July 31, 2006 > |
| (Yen in millions) |
Non-consolidated basis
(MSI only) |
Direct premiums written
(excluding deposit premiums) |
Net premiums written |
| amount |
Y-o-Y ratio
(%) |
amount |
Y-o-Y ratio
(%) |
| Fire |
71,751 |
3.8 |
56,037 |
1.6 |
Marine |
27,080 |
9.4 |
21,759 |
7.0 |
Personal accident |
51,871 |
3.5 |
49,947 |
3.3 |
Automobile* |
193,529 |
(1.0) |
193,159 |
(1.0) |
CALI** |
61,308 |
(0.6) |
57,172 |
(2.0) |
Others |
69,062 |
1.4 |
66,050 |
(1.4) |
Total* |
474,603 |
1.1 |
444,127 |
(0.0) |
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(Notes)
* Direct and net premiums written as shown on the "Automobile" and "Total" columns exclude refundable premiums under the Company's original Modo-Rich automobile insurance policies that provide for return of premium on maturity.
** Compulsory automobile liability insurance |
| - End - |
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