Article: Scottish Annuity & Life Holdings Announces 1st Quarter Results.

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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