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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
May 11, 2004 at 08:00 PM
NU Online News Service, May 11, 2004, 11:48 a.m. EDT – Annuity and Life Re (Holdings) Ltd., Hamilton, Bermuda, says it probably broke even in terms of operating results during the first quarter.[@@]
The struggling life reinsurer says it probably will post a net loss for the latest quarter as a result of a charge related to the adoption of a new accounting rule that affects the valuation of guarantees embedded in annuity contracts.
Excluding the charge for the accounting change, net income probably will be close to zero, Annuity and Life says.
Annuity and Life, which recently changed auditors, has set its official earnings release date for May 17.
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