EX-99.1 13 l15436aexv99w1.txt EXHIBIT 99.1 . . . Exhibit (99.1) P&G DIRECTORS & OFFICERS INSURANCE PROGRAM SUMMARY This summary states the general effect of the Company's Directors & Officers ("D&O") Insurance Program.
INSURANCE LIMIT UNDERLYING COMPANY POLICY PERIOD COVER ($MILL) ($MILL) --------- -------------- ---------- ------- ---------- CODA June 30, 2005- Side A 25 nil June 30, 2006 XL June 30, 2005- Side A 25 25 June 30, 2006 ACE June 30, 2005- Side A,B,C 25 50 June 30, 2006 AWAC June 30, 2005- Side A,B,C 25 75 June 30, 2006 Arch June 30, 2005- Side A,B,C 25 100 June 30, 2006 Starr June 30, 2005- Side A,B,C 25 125 June 30, 2006 Axis June 30, 2005- Side A,B,C 25 150 June 30, 2006 XL June 30, 2005- Side A,B,C 10 175 June 30, 2006 Max Re June 30, 2005- Side A,B,C 15 185 June 30, 2006 CODA June 30, 2005- Side A 25 200 June 30, 2006 XL June 30, 2005- Side A 15 225 June 30, 2006 Starr June 30, 2005- Side A 10 240 June 30, 2006 --- TOTAL 250 ===
Note: "Side A coverage" refers to D&O insurance coverage that provides direct coverage to insured directors and officers for claims for which the insured company is unable or unwilling to indemnify the insured individuals. For example, the law in many states prohibits a company from indemnifying its directors or officers for shareholder derivative claims. "Side B coverage" refers to D&O coverage that indemnifies the insured company or corporation, typically in excess of a deductible, for sums that the company or corporation spends to indemnify insured directors or officers for allegedly wrongful acts covered by the terms of D&O insurance. "Side C coverage" refers to direct entity coverage provided to the insured company or corporation itself when a claim is brought against the company or corporation itself for allegedly wrongful acts covered by the terms of D&O insurance.