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Norwegian Marine Insurance Statistics As of 31 December 2003 Page: 2.3.1 Average Age per Underw riting Y ear 8.0 9.0 10.0 11.0 12.0 13.0 14.0 15.0 1995 1996 1997 1998 1999 2000 2001 2002 2003

Norwegian Marine Insurance Statistics As of 31 December 2003

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Norwegian Marine Insurance Statistics As of 31 December 2003. Page: 2.3.1. Norwegian Marine Insurance Statistics As of 31 December 2003. Page: 2.3.2. Norwegian Marine Insurance Statistics As of 31 December 2003. Page: 2.3.3. Norwegian Marine Insurance Statistics As of 31 December 2003. - PowerPoint PPT Presentation

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Norwegian Marine Insurance StatisticsAs of 31 December 2003

Page: 2.3.1

Average Age per Underwriting Year

8.0

9.0

10.0

11.0

12.0

13.0

14.0

15.0

1995 1996 1997 1998 1999 2000 2001 2002 2003

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Page: 2.3.2

Average Age per Type of Vessel, 2003

0 5 10 15 20 25

Bulk

Cargo

Chem./Prod.

Cont./RoRo

LNG/LPG

OBO

Other

Passenger

Suppl./Off.

Tank

Average all

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Page: 2.3.3

Average Age per Vessel per Classification Society

8.09.0

10.011.012.013.0

14.015.016.0

17.018.0

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

American Bureau

Bureau Veritas

Germanischer Lloyd

Lloyd's Register

Nippon Kaiji Kyokai

Det Norske Veritas

Average all

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Page: 2.3.4

Average Age per Flag

5.0

10.0

15.0

20.0

25.0

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

Bahamas

Cyprus

Greece

Liberia

NIS

NOR

Panama

USA

Average all

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Page: 2.3.5

Average Age per Vessel per Size Group

6.0

8.0

10.0

12.0

14.0

16.0

18.0

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

< 10,000

10,000-20,000

20,000-35,000

35,000-50,000

50,000-75,000

75,000-100,000

100,000-150,000

150,000-200,000

200,000-250,000

250,000-300,000

>300,000

Average all

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Page: 2.3.6

Age Structure per Classification Society, 2002

0% 20% 40% 60% 80% 100%

<5 years

5-10 years

10-15 years

15-20 years

> 20 years

0 years 0-5 years 5-10 years 10-15 years

15-20 years > 20 years

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Page: 3.1.1

Total Sum Insured per Underwriting Year in USD

0

20,000,000,000

40,000,000,000

60,000,000,000

80,000,000,000

100,000,000,000

120,000,000,000

140,000,000,000

160,000,000,000

Sum Insured 101,090, 105,711, 125,853, 146,610, 132,783, 136,685, 151,794, 139,957, 137,746,

1995 1996 1997 1998 1999 2000 2001 2002 2003

2003

9.9%

5.4%

8.9%

16.5%

8.3%

1.3%

2.2%

25.3%

2.4%

19.7%

Sum 1998-200214.9%

8.7%

4.0%

15.7%

7.3%1.5%

2.6%

19.1%

3.1%

23.2%

Bulk Cargo Chem./Prod. Cont./RoRo

LNG/LPG OBO Other Passenger

Suppl./Off. Tank

2002

10.8%

5.7%

5.1%

15.5%

8.3%

1.4%

2.5%

24.5%

2.5%

23.8%

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Total Sum Insured per Type of Vessel

Total $708 bill.

Total $140 bill. Total $138 bill.Page: 3.1.2

2003

15.3%

9.0%

11.8%

15.8%12.8%

10.5%

11.6%

5.1%

0.4%

4.1%

3.6%2002

15.9%

8.3%

12.7%

15.4%13.0%

10.6%

11.5%

4.6%

0.4%

4.2%

3.5%

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Total Sum Insured per Size Group

Total $708 bill.

Total $140 bill.

Total $138 bill.

Page: 3.1.3

Sum 1998-2002

14.8%

9.1%

14.4%

16.2%13.1%

9.4%

11.4%

4.2%

0.5%

4.0%

3.0%

< 10,000 10,000-20,000 20,000-35,000 35,000-50,000 50,000-75,000 75,000-100,000

100,000-150,000 150,000-200,000 200,000-250,000 250,000-300,000 >300,000

2003

41.1%

27.5%

13.6%

8.6%

9.3%

2002

43.3%

23.2%

13.3%

9.5%

10.7%

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Total Sum Insured per Age Group

Page: 3.1.4

Total $708 bill.

Total $140 bill. Total $138 bill.

Sum 1998-2002

39.7%

22.6%

14.2%

11.9%

11.7%

0-5 years 5-10 years 10-15 years 15-20 years > 20 years

2003

13.8%

3.9%

8.7%

26.4%4.5%

32.8%

9.8%

2002

15.2%

5.0%

6.7%

26.4%6.3%

30.8%

9.6%

Sum 1998-2002

14.0%

5.4%

6.3%

27.1%6.8%

28.3%

12.1%

American Bureau Bureau Veritas Germanischer Lloyd Lloyd's Register

Nippon Kaiji Kyokai Det Norske Veritas others

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Total Sum Insured per Classification Society

Page: 3.1.5

Total $138 bill.Total $140 bill.

Total $708 bill.

2003

14.7%

2.0%

6.6%

13.6%

8.6%2.5%12.4%

3.1%

36.5%

200212.5%

1.4%

4.8%

12.4%

8.2%

3.0%14.8%

3.8%

39.1%

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Total Sum Insured per Flag, 8 largest

Total $140 bill.

Total $138 bill.

Page: 3.1.6

Total $708 bill.

Sum 1998-20029.6%

2.4%

5.3%

15.0%

8.9%

2.4%12.4%3.8%

40.0%

Bahamas Cyprus Greece Liberia NIS NOR Panama USA other

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Page: 3.2.1

Total Net Premium per Underwriting Year in USD

0

100,000,000

200,000,000

300,000,000

400,000,000

500,000,000

600,000,000

Net Premium 563,903,3 481,504,3410,578,8 340,305,3 269,508,2247,522,1 276,909,7 267,458,8313,314,6

1995 1996 1997 1998 1999 2000 2001 2002 2003

2003

14.2%

7.7%

11.5%

15.5%

6.0%

1.3%

4.2%

17.6%

3.6%

18.4%

Sum 1998-2002

21.6%

10.3%

4.9%

12.9%

5.9%

1.6%

3.4%

12.4%

3.3%

23.7%

Bulk Cargo Chem./Prod. Cont./RoRo

LNG/LPG OBO Other Passenger

Suppl./Off. Tank

2002

15.9%

8.5%

6.4%

14.6%

6.8%1.4%

3.4%

16.6%

3.1%

23.1%

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Total Net Premium per Type of Vessel

Total $267 mill.Page: 3.2.2

Total $1,402 mill.

Total $313 mill.

Sum 1998-2002

13.8%

10.5%

18.0%

15.4%

13.8%

8.2%

9.1%

3.8%

0.7%

3.7%

3.0%

< 10,000 10,000-20,000 20,000-35,000 35,000-50,000 50,000-75,000 75,000-100,000

100,000-150,000 150,000-200,000 200,000-250,000 250,000-300,000 >300,000

2003

14.0%

9.6%

17.5%

15.1%

13.7%

9.1%

9.5%

4.4%

0.6%

3.6%

3.0%2002

14.6%

9.6%

17.3%

15.6%

13.6%

9.2%

8.6%

4.0%

0.8%

3.6%

3.2%

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Total Net Premium per Size Group

Total $1,402 mill.

Total $313 mill.

Page: 3.2.3Total $267 mill.

2003

28.8%

24.5%14.8%

13.2%

18.8%

2002

29.3%

21.3%14.4%

14.5%

20.5%

Sum 1998-2002

25.5%

18.8%

14.8%

17.4%

23.4%

0-5 years 5-10 years 10-15 years 15-20 years > 20 years

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Total Net Premium per Age Group

Page: 3.2.4

Total $267 mill.

Total $313 mill.

Total $1,402 mill.

2003

13.8%

4.3%

8.9%

22.1%5.5%

36.4%

8.9%

2002

15.3%

5.6%

7.8%

22.6%7.4%

32.0%

9.3%

Sum 1998-2002

14.6%

6.5%

6.3%

24.9%7.8%

28.8%

11.1%

American Bureau Bureau Veritas Germanischer Lloyd Lloyd's Register

Nippon Kaiji Kyokai Det Norske Veritas others

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Total Net Premium per Classification Society

Total $313 mill.Total $267 mill.

Page: 3.2.5

Total $1,402 mill.

200313.7%

3.0%

6.4%

11.1%

9.8%

2.8%10.4%3.4%

39.4%

200212.4%

3.1%

5.1%

11.4%

9.0%

2.5%12.7%

3.8%

39.9%

Norwegian Marine Insurance StatisticsAs of 31 December 2003

Total Net Premium per Flag, 8 largest

Total $313 mill.

Total $1,402 mill.

Page: 3.2.6

Total $267 mill.

Sum 1998-2002

9.6%

4.9%

6.3%

13.9%

9.1%

2.2%11.2%

3.9%

39.0%

Bahamas Cyprus Greece Liberia NIS NOR Panama USA other