Oriental Fire & Marine Insurance Co., Ltd. Information herein is published on OFMI Management Overview ( FY2004 First half )

Contents Brief History Award History Direct Premiums Written Profit and Loss Index Asset Management Others

Brief History : Establishment of Chosun Fire & Marine Insurance Co., Ltd. (1st Ins. Co. In Korea) : Change Name to Oriental Fire & Marine Insurance Co., Ltd. : Listed on Korea Stock Exchange : Became a member company of Hanjin Business Group : Paid in capital increased to W42.9 billion : Total assets surpassed W1 trillion mark : Formed PT. Asuransi Hanjin Korindo, a join venture in Indonesia : Opened On-line Shopping Mall ‘INSUWORLD’ : Total assets surpassed W2 trillion mark : Working assets surpassed W2 trillion mark

Award History : Received Outstanding Award in Finance sectors in 5th Maeil Economy Daily Financial Product Contest : ‘Feel safe product’ Awarded the best Korea marketing Award in service category by KMAC : Ranked No.1 in Non-life Insurance industry and Ranked No.2 in the Whole Industry in Korea Standard-Service Qulity Index : ‘Military Product’ Awarded in excellent New products by FSS : Received ‘The Best Prize in New Corporate Culture’ organized by the Korea Management Association : Received the best Insurance Award(Deputy prime minister & Ministery finance & economy Award by Seoul Economics Daily) : Received the best Insurance Award (Korea Insurance development Institute) by Herald Economics Daily : Awarded The Grand Price in Service-Oriented Management Among The Best Service Companies in Korea, Certified by Ministry of Commerce, Industry and Energy of Korean Government. : Awarded the excellent developer for the new-insurance product of Merit Motor Insurance for personal use by FSS (Financial Supervisory Service) : Received Outstanding Award for Non-dividend Dr. Care Health & Nursing Insurance Product in Finance sectors in 9th Maeil Economy Daily Financial Product Contest : Conferred 'Grand Prix' for the sector of young generation welfare among the society-contribution companies in 2004 (managed by 'The Korea Economic Daily') : Received the Best Outstanding Award for Customer Service Renovation in Customer Satisfaction Management Contest (managed by KMAC) Awarded the Grand Prix in Marketing (managed by 'The Herald Business')

Direct Premiums Written 7.7% in sales growth in FY2004 First half Focusing on sales growth with profitability thru Restructuring LT insurance portfolio based on monthly payment and enlarging in wide coverage products in auto. * The ratio of the premiums of risk-basis products in Long-Term insurance : FY % → FY % → FY % → FY2004 First half 88.2% * The ratio of the premiums of high-coverage products in Automobile insurance : FY % → FY % → FY % → FY2004 First half 59.4% (Won in billion,%)

Profit 1. Profit 21.1 Billion total profit in FY2004 First half : Net Income 15.0 Billion, Increase in catastrophe reserve 6.0 Billion (Won in Billion)

2. Profit Index FY2004 First half Loss Ratio 80.5%(+0.5%P, compared to FY2003 First half) FY2004 First half Expence ratio 22.8%(-3.1%P,compared to FY2003 First half) FY2004 First half Combined ratio 104.1%(-1.0%P, compared to FY2003 First half) FY2004 First half Investment profit ratio 5.2%(-0.3%P, compared to FY2003 First half) (%) Profit

3. Solvency Margin 183.9% Solvency margin in FY2004 First half (Exceeds the basic solvency margin ￦ Billion) (won in Billion,%) Profit

Asset Management 1. Asset Management Total asset increased 6.8% over FY2003, in amount of ￦ 2,490.4 Billion Working asset increased 5.4% over FY2003, in amount of ￦ 2,135.6 Billion Ensuring high return by increasing loans. Equty in total of ￦ 77.7 Billion is composed of Trading ( ￦ 4.6 Billion), Available For Sale( ￦ 63.4 Billion), Eputy Method( ￦ 9.8 Billion) 2, , ,332.0 [ Working asset ] [ Total asset ] (Won in Billion,%)(%) 2,490.4

2. Investment profit (Won in Billion,%) 5.2% Investment profit ratio in FY2004 First half Asset Management

Others 1. Shareholders Foreigners ’ Shares : 14.50%(FY2001) → 13.31%(FY2002) 37.30%(FY2003) → 39.38%(FY2004 First half)

Others 2. Stock Related Index ● As of FY2004 First half : ￦ 37,605 ● BPS Including Catastrophe Reserve ※ Number of Share : 8,580,000 [ PBR (Price / BPS) ] [ BPS ] ● As of end of FY2004 First half Ratio is 41.2% ● Stock price as of end of FY2003 : ￦ 17,300 (%) (Won)

Others 3. Treasury Stock Treasury stock Fund : KITMC 230,010 Treasury Stock : 600,000 Average Price : ￦ 9,649 ( ~ , 300,000) ￦ 17,423 ( ~11.29, 300,000) 4. Dividend Payout by years Solely selected among Insurance companies in KODI (2003.7)

Others 5. Dependence on afiliates 6. Bonds & Loans Duration (Won in Billion)

Others 7. Non-Performing Loans (%)