NU Online News Service, May 7, 2003, 5:37 p.m. EDT – Scottish Life & Annuity Holdings Ltd., Hamilton, Bermuda, is reporting $7.2 million in net income for the first quarter on $97 million in revenue, up from $5 million in net income on $53 million in revenue for the first quarter of 2002.

Scottish Life sells reinsurance. It also sells customized life insurance-based products for wealthy individuals and families.