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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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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
Popular Financial Topics
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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
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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
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
August 06, 2004 at 08:00 PM
NU Online News Service, Aug. 6, 2004, 4:09 p.m. EDT
Annuity and Life Re (Holdings) Ltd., Hamilton, Bermuda, came closer to breaking even during the second quarter.[@@]
The life reinsurer is reporting a $6.4 million net loss for the latest quarter on $10 million in revenue, compared with a $69 million net loss on $59 million in revenue for the second quarter of 2003.
The net loss was due mainly to the cost of efforts to tackle old problems, such as the settlement of a shareholder lawsuit resulting from a series of earnings restatements.
The annuity reinsurance unit lost $1.2 million on $7.8 million in revenue, but the life reinsurance unit earned $734,366 on $11 million in revenue.
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