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## Gross Premiums Written by Type of Business/Business Unit 

<img src='content_image/8506.jpg'>

(1) A portion of the gross premiums written by the U.S. Insurance division has been ceded to, and is also included in, the Americas division’s gross premiums written. Accordingly the total gross premiums written as shown in the tables above do not agree to the gross premiums written of $2,656.5 million, $2,558.2 million and $1,894.5 million for the years ended December 31, 2004, 2003 and 2002, respectively, reflected in the consolidated statements of operations. 

The Company does not maintain separate balance sheet data for each of its operating segments. Accordingly, the Company does not review and evaluate the financial results of its operating segments based upon balance sheet data. 

