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Article: Scottish Annuity & Life Holdings Announces 1st Quarter Results.
- Article from:
- Business Wire
- Article date:
- May 11, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GEORGETOWN, Cayman Islands--(BUSINESS WIRE)--May 11, 1999--
Scottish Annuity & Life Holdings, Ltd. (Nasdaq: SCOT) today reported results for the first quarter ended March 31, 1999.
Operating earnings which excludes realized losses on securities transactions were $2,581,039 or $0.14 per share. Net income was $1,617,125 or $0.09 per share. Net revenues for the first quarter totaled $2,583,123. Net revenues consisted of investment income and administration fees from the variable annuity business managed by the company net of realized losses on securities transactions.
"During the first full quarter since the completion of our IPO we responded to ...
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