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Fuji Fire and Marine Release First Quarter Results on August 17, 2007

The Fuji Fire & Marine Co., Ltd.
2007-08-27 14:32 813

TOKYO, Aug. 27 /Xinhua-PRNewswire-FirstCall/ -- The Fuji Fire & Marine Co., Ltd., ("Fuji Fire and Marine" or "the Company"; TSE: 8763), one of Japan's oldest and most trusted names in insurance, released its first quarter 2007 results on Friday, August 17, 2007.

Net Premiums Written sustain growth in competitive market

-- Fuji Fire & Marine continued to move towards its three-year

management plan in Q107. Net Premiums Written stood at JPY 73.3

billion, up 0.2% from the same period in FY2006. The increase is a

result of the continued execution of the plan to deliver innovative,

value-added products as well as develop new sales channels since the

inception of the three-year management plan. Life premiums rose

9.5%, from JPY 7.0 billion to JPY 7.7 billion in 1Q07. Additionally,

Fuji Fire & Marine recorded Ordinary Income of JPY 3.5 billion and

Income of JPY 2.1 billion, in range for full-year forecasts.

< Non-consolidated Highlights >

-- Net Premiums Written increased to JPY 73.3 billion, up 0.2% on

continued successful execution of growth strategy

-- Fire and Accident & Health rose 3.7% and 4.7%, respectively, while

Motor continues to improve cost structure, down only 0.8%

-- Investment income increased to JPY 6.1 billion due to good returns

from the REIT market

-- No exposure to US subprime market-related Collateralized Debt

Obligations

< Consolidated Highlights >

-- Life premiums up 9.5%, from JPY 7.0 billion to JPY 7.7 billion

displaying new growth opportunities going forward

-- Ordinary Income of JPY 3.5 billion and Net Income of JPY 2.1 billion,

in range for full-year forecasts

Founded in 1918, Fuji Fire & Marine is one of Japan's oldest and most trusted names in insurance. Through its 200 offices nationwide, the Company is building on its tradition of excellence with a diverse family of products including the highly profitable and growing "Accident and Health" line of coverage and many other non-life insurance policies such as fire, automobile and marine.

News and other information about The Fuji Fire & Marine Co., Ltd. is available at http://www.fujikasai.co.jp/english/index.shtml

CONTACT:

Taijirou Sawa, Manager, Investor Relations

The Fuji Fire & Marine Co., Ltd.

2-12-18, Ginza, Chuo-ku, Tokyo 104-8122

Tel: +81-3-5550-4920

Email: taijirou_sawa@fujikasai.co.jp

Source: The Fuji Fire & Marine Co., Ltd.
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