Annuity and Life Re (Holdings) Ltd. says it is continuing to reduce its liabilities.
Annuity and Life Re, Hamilton, Bermuda, is reporting a $212,458 net loss for the second quarter on $169,187 in revenue, compared with a $92,056 net loss on $419,233 in revenue for the second quarter of 2007.
Annuity & Life Re, a life reinsurer that has ceased active marketing of reinsurance, is reporting no revenue from premiums. Investment income accounts for all of its reported revenue.