WTC Records Folder 0124 Clippings label, Sept 2001

NYC 9/11 Public Portal Document

09/24/01 11:15 FAX 212 980 9578 _ S&B LLP __. 10003/003

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including words such as the products of the company, as well as other statements and other similar "anticipate," "believe," "plan,"estimate," "expect," "intend" upon management's current expressions. Forward-looking statements are made based their potential effects on the expectations and beliefs concerning future developments and of future performance. company. Such forward-looking statements are not guarantees the forward-looking Actual results may differ materially from those included in limited to the statements as a result of risks and uncertainties including, but not performance of following: (i) changes in general economic conditions, including the competition, including with respect to financial markets and interest rates; (ii) heightened products by new and pricing, entry of new competitors and the development of new (iv) the company's existing competitors; (iii) unanticipated changes in industry trends; subsidiaries to meet debt primary reliance, as a holding company, on dividends from its the payment obligations and the applicable regulatory restrictions the ability of on of the "closed subsidiaries to pay such dividends; (v) deterioration in the experience Life; (vi) block" established in connection with the reorganization of Metropolitan regulatory, catastrophe losses; (vii) adverse litigation or arbitration results; (viii) accounting or tax changes that may affect the cost of, or demand for, the company's products or services; (ix) downgrades in the company's affiliates' claims paying ability or financial strength ratings; (x) discrepancies between actual claims experience and assumptions used in setting prices for the company's products and establishing the liabilities for the company's obligations for future policy benefits and claims; and (xi) with other risks and uncertainties described from time to time in the company's filings the Securities and Exchange Commission, including its S-1 and S-3 registration statements. The company specifically disclaims any obligation to update or revise any developments forward-looking statement, whether as a result of new information, future or otherwise.

NYC-WTC 000137220