Table of Contents
Asbestos Reserve Study
Forward Looking Statements
Participants
Agenda
Major Conclusions and Actions Taken
Major Conclusions and Actions Taken
Major Conclusions and Actions Taken
Major Conclusions and Actions Taken
Agenda
Historical Methodology
Changing Asbestos Environment
Expanded Methodology
Segmentation of Asbestos Exposures
Reserves by Policyholder Category
Structured Settlements
Structured Settlements
Reserves by Policyholder Category
Coverage in Place
Coverage in Place
Reserves by Policyholder Category
Wellington Accounts
Wellington Accounts
Reserves by Policyholder Category
Home Office Review
Home Office Review
Reserves by Policyholder Category
Field Office Review
Policyholders with First Notice Last 3 Years
Reserves by Policyholder Category
Assumed Reinsurance
Reserves by Policyholder Category
Unallocated IBNR
Coverage Disputes and Other Litigation
Asbestos Related Reinsurance Recoverables
Claim Payment Pattern
Agenda
Types of “Non-Product” Exposure
“Non-Product” Exposure: Conclusion
Agenda
Independent Actuarial Review
Agenda
Legal Environment – Potential Upside
Agenda
Financial Review
Asbestos Charge and Reserve Level
FY Operating Income After Charge
Significant Earnings and Capital Accumulation
Capital Restored by Mid 2003
Survival Ratios at December 31, 2002
Financial Summary
Agenda
Expansion of Annual Disclosures in 10K
Agenda
Summary
Disclosure
End Slide
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