������������������������������������������������Company’s features
In accordance with the promulgation of the concerning Earthquake Insurance Law No.73,May18,1966 and also following the launch of salesof dwelling earthquake insurance to be written
in conjunction with dwelling and shop-owners
comprehensive insurance policies, JER wasestablished with share capital of 1,000,000,000
by the 20 domestic Japanese non-life insurancecompanies on May 30,1966.The Company waslicensed for earthquake insurance business andstarted its operation on June 1,1966.
Dwelling earthquake insurance depends onsuch a reinsurance system (safety net as it were)as joined by the government, non-life insurancecompanies and JER so that insurance claims
can be paid to policyholders without fail.
The insurance premium paid by policyholders
are separated from non-life insurance companies, and managed and operated by the government and JER.
JER is thus in the center of reinsurance system,
going through reinsurance procedures among
the government, non-life insurance companies
and ourselves, and manages and operates theinsurance premium paid by policyholders as soleearthquake reinsurance company in Japan.

☞ For details of reinsurance mechanism, see p.8 Mechanism of reinsurance and p.38 Glossary.

Shareholders and shares❶ Top 10 shareholders(As of March 31, 2006)

Shareholder

No. of shares owned (1,000 shares)

Percentage of shares owned (%)

Tokio Marine & Nichido Fire Insurance Co., Ltd.

537

26.9

Mitsui Sumitomo Insurance Co., Ltd.

338

16.9

Sompo Japan Insurance Inc.

321

16.1

Nippon Koa Insurance Co., Ltd.

208

10.4

Aioi Insurance Co., Ltd.

153

7.7

Fuji Fire and Marine Insurance Co., Ltd.

123

6.2

Nissay Dowa General Insurance Co., Ltd.

1025.1The Toa Reinsurance Co., Ltd.

93

4.7

Nisshin Fire & Marine Insurance Co., Ltd.

61

3.1

The Kyoei Fire & Marine Insurance Co., Ltd.

34

1.7

❷ Capital(Unit: yen in billion)Year

As of the end of ﬁscal 2003

As of the end of ﬁscal 2004

As of the end of ﬁscal 2005

Capital1

11❸ Sharers(As of March 31, 2006)

Sum of shares to be issued

2 million shares

Sum of issued shares

2 million shares

No. of shareholders

12Japan Earthquake Reinsurance Co., Ltd. 200613

❹ Basics
When to hold a general meeting of shareholders

A regular general meeting of shareholders is held within 4 months after
April 1 every year.
March 31 every year

Date of settlement

By our internet homepage (http://www.nihonjishin.co.jp/)

Public announcement

Organization(As of April 1, 2006)

General meeting of shareholders
Board of auditors
Board of directors
Board of managing directors

Compliance committee
In-house auditing committee

Comprehensive risk management committee
Earthquake disaster task force

Reinsurance administration dept.

Financial dept.

Controller dept.

Directors (full-time)
Post(As of June 30, 2006)

Name / Date of birthCareer
April 1967:

Chairman(representativedirector)

Shozo Wakabayashi

June 1998:(November 23, 1943)

July 2001:
June 2004:
April 1967:

President(representativedirector)

Managingdirector(representativedirector)

Managing
director

14

Akihiko Mori
(August 3, 1943)

June 2001:
April 2002:
June 2003:
June 2004:
April 1972:

Tatsuro Yoshida(April 30, 1948)

July 2002:
June 2004:

Joined the Ministry of Finance (currently FinanceMinistry)
Took ofﬁce as administrative vice minister. Okinawa
Development Agency (currently Calinet ofﬁce)
Took ofﬁce as managing director, Japan SecuritiesDealers Association
Took ofﬁce as chairman of JER (present post)
Joined Tokio Marine Fire Insurance Co., Ltd. (currently Tokio Marine & Nichido Fire Insurance Co.,Ltd.)
Took ofﬁce as vice president of the above.
Took ofﬁce as vice president, Millea Holdings. Inc.
Took ofﬁce as managing director, JER
Took ofﬁce as president, JER (present post)
Joined Yasuda Fire Marine Insurance Co., Ltd. (currently Sompo Japan Insurance Inc.)
Took ofﬁce as executive ofﬁcer, Sompo Japan Insurance Inc.
Took ofﬁce as managing director, JER (present post)

April 1968:

Tsuyoshi Suzuki(representativedirector)(June 3, 1944)

Corporateauditor

Kentaro Takenaka(May 5, 1939)

Japan Earthquake Reinsurance Co., Ltd. 2006

Joined Sumitomo Marine Fire Insurance Co., Ltd.
(currently Mitsui Sumitomo Insurance Co., Ltd.)
October 2001: Took ofﬁce as managing director, Mitsui Sumitomo
Marine Kirameki Life Insurance Co., Ltd.
June 2005:
Took ofﬁce as managing director, JER (present post)
April 1963:
June 2000:
June 2004:

Joined Japan Non-Life Insurance Association.
Took ofﬁce as managing director of the above
Took ofﬁce as full-time auditor, JER (present post)Employees(As of March 31. 2006)

No. of employees

Average age

Average years of service

Average annual salary21

41.2 years old

11.8 years

7,773,808 yen

Note 1: The number of employees is that of the workers.
Note 2: The average annual salaries include bonuses and overtime pay.
Note 3: The employees include no employer cum director, those on leave of absence from work and temporary workers.

Others■ Remuneration for the directors
The amount of remuneration paid to the directors in ﬁscal 2005 came to 71 million yen.
■ Remuneration for the accounting ﬁrm
The amount of remuneration paid to Chuo Aoyama Accounting Firm in ﬁscal 2005 came to 7 million yen.

Japan Earthquake Reinsurance Co., Ltd. 200615