1. Oriental Fire & Marine Insurance Co., Ltd. Information herein is published on www.insuworld.co.kr 2004. 11. 11 1 OFMI Management Overview ( FY2004 First half )

2. www.insuworld.co.kr2 Contents Brief History Award History Direct Premiums Written Profit and Loss Index Asset Management Others

3. www.insuworld.co.kr3 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 1922.10 1950. 5 1956. 7 1967. 7 1995. 1 1996. 5 1998.11 1999. 9 2002. 7 2004. 2

4. www.insuworld.co.kr4 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') 2000. 3 2001. 6 2001.10 2001.12 2002. 7 2003. 7 2003.10 2003.12 2004. 3 2004.10 2004.11

5. www.insuworld.co.kr5 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 : FY2001 75.8% → FY2002 86.4% → FY2003 89.0% → FY2004 First half 88.2% * The ratio of the premiums of high-coverage products in Automobile insurance : FY2001 9.1% → FY2002 20.1% → FY2003 56.7% → FY2004 First half 59.4% (Won in billion,%)

6. www.insuworld.co.kr6 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)

7. www.insuworld.co.kr7 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

8. www.insuworld.co.kr8 3. Solvency Margin 183.9% Solvency margin in FY2004 First half (Exceeds the basic solvency margin ￦ 158.0 Billion) (won in Billion,%) Profit

9. www.insuworld.co.kr9 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) 2,150.5 1,938.5 2,332.0 [ Working asset ] [ Total asset ] (Won in Billion,%)(%) 2,490.4

10. www.insuworld.co.kr10 2. Investment profit (Won in Billion,%) 5.2% Investment profit ratio in FY2004 First half Asset Management

11. www.insuworld.co.kr11 Others 1. Shareholders Foreigners ’ Shares : 14.50%(FY2001) → 13.31%(FY2002) 37.30%(FY2003) → 39.38%(FY2004 First half)

12. www.insuworld.co.kr12 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)

13. www.insuworld.co.kr13 Others 3. Treasury Stock Treasury stock Fund : KITMC 230,010 Treasury Stock : 600,000 Average Price : ￦ 9,649 (97.12.19~98.1.26, 300,000) ￦ 17,423 (99.10.19~11.29, 300,000) 4. Dividend Payout by years Solely selected among Insurance companies in KODI (2003.7)

14. www.insuworld.co.kr14 Others 5. Dependence on afiliates 6. Bonds & Loans Duration (Won in Billion)

15. www.insuworld.co.kr15 Others 7. Non-Performing Loans (%)