Q3 net income of $22.5 million, or $0.16 per ordinary share, compared with $99.0 million, or $0.71 per ordinary share, for the quarter ended September 30, 2003

Q3 net premiums written from general operations decreased 9 percent to $1.4 billion

Q3 catastrophe losses of an after-tax charge of $420.1 million

Q3 net investment income increased 33 percent to $253.1 million

Q3 combined ratio from general operations was 110.6 percent compared to 98 percent in the third quarter of 2003. Excluding hurricane- related losses, the combined ratio in the 2004 quarter was 86.7%

Cash flow from operations was $1.1 billion, or $1.4 billion including structured and spread transactions

Total net invested assets were $30.3 billion, up 19 percent from December 31, 2003

Total assets of $46.8 billion, increased 15 percent from December 31, 2003

Book value per ordinary share of $49.45, increased 6 percent from $46.74 at December 31, 2003