1. Rendez-Vous de Septembre Monte-Carlo 6 September, 2000 Mark Wood CEO, AXA UK UK Non Life Insurance Market

2. Contents Motor General Liability Domestic Property Commercial Property General Property Damage £ / Euro Conversion Rate 1.6 1999 Market Figures not yet released. Figures used are based on provisional figures from the Association of British Insurers (ABI)

3. Growth of Claims and Growth in GDP UK General Insurance Market Total Claims Euro 18,503 million Year on Year Growth % Source : ABI - Insurance Statistics Yearbook Office for National Statistics - Financial Statistics (March 2000)

4. Underwriting Results % of Premiums Under writing Result (Euro million) Total Claims Euro 18,503 million Source : ABI - Insurance Statistics Yearbook

5. UK Non Life Industry “Insurance Profit” Euro billion % of Written Premiums Source : Warburg Dillon Read “UK Insurance Prospects” (February 1999)

6. UK General Business Premium Income By Class of Business Motor 1997 19981999 (Est) Domestic Property Commercial Property General Liability NWP 9,747 6,674 3,376 2,488 3,139 10,419 7,026 3,382 2,558 3,443 NWP Euro million NWP - Net Written Premiums Source : ABI Pecuniary Loss Accident and Health4,198 4,590 Marine, Aviation and Transport 787 816 Total30,40932,234 11,270 6,219 3,504 2,085 3,837 4,826 626 32,367

7. Underwriting Results by Class of Business Motor 199719981999 (Est) Domestic Property Commercial Property Pecuniary Loss General Liability Euro million (1,861) (146) - 534 (342) Euro million (2,096) (334) (325) 464 (379) Euro million Source : ABI - Insurance Statistics Yearbook Marine Aviation and Transport (40) (38) Accident and Health 146 (118) Total(1,709) (2,826) (2,366) (458) (91) 347 (658) (66) (43) (3,335)

8. Contents Motor General Liability Domestic Property Commercial Property General Property Damage

9. Motor - Combined Ratio Motor Premiums Euro x,xxx million Combined Ratio % Source : ABI - Insurance Statistics Yearbook

10. Underwriting Results % of Premiums Under writing Result (Euro million) Motor Premiums Euro 11,270 million Source : ABI - Insurance Statistics Yearbook

11. Contents Motor General Liability Domestic Property Commercial Property General Property Damage

12. Domestic Property - Combined Ratio Domestic Property Premiums Euro 6,219 million Combined Ratio % Source : ABI - Insurance Statistics Yearbook

13. Underwriting Results % of Premiums Under writing Result (Euro million) Domestic Property Premiums Euro 6,219 million Source : ABI - Insurance Statistics Yearbook

14. Contents Motor General Liability Domestic Property Commercial Property General Property Damage

15. Commercial Property - Combined Ratio Commercial Property Premiums Euro 6,219 million Combined Ratio % Source : ABI - Insurance Statistics Yearbook

16. Underwriting Results % of Premiums Under writing Result (Euro million) Commercial Property Premiums Euro 6,219 million Source : ABI - Insurance Statistics Yearbook

17. Contents Motor General Liability Domestic Property Commercial Property General Property Damage

18. General Liability Growth in Premiums Growth in Premium Income (%) General Liability Premiums Euro 2,085 million Source : ABI - Insurance Statistics Yearbook

19. General Liability Underwriting Results % of Premiums Under writing Result (Euro million) General Liability Premiums Euro 2,085 million Source : ABI - Insurance Statistics Yearbook

20. Rendez-Vous de Septembre Monte-Carlo 6 September, 2000 Mark Wood CEO, AXA UK UK Non Life Insurance Market