Solid business franchise and large market share, backed by relationships with both the Mitsui and Sumitomo groups Recovering combined ratio following large losses due to natural disasters in fiscal 2004 Extremely strong capitalization, backed partly by ample unrealized profits on stock holdings Expanding overseas, diversifying profit sources and risks Limited growth prospects for the Japanese non-life insurance market Mitsui Sumitomo Insurance Co. Ltd. (MSI) has a solid business franchise with the third-largest market share among Japanese domestic non-life insurers in terms of net premiums written on an unconsolidated basis. MSI's strong market position is backed by its well-recognized brand name as part of the Mitsui and Sumitomo groups. The company is expected to maintain or even enhance its business franchise,
