Annuity & Life RE Holding (ANNRF.OB)

Provides annuity and life reinsurance to select insurers and reinsures through its wholly owned subsidiaries Annuity and Life Reinsurance Ltd. and Annuity and Life Re America Inc.

For the nine months ended 30 September 2005, Annuity & Life RE(Holdings),Ltd.'s revenues decreased 68% to $18.5M. Net loss before accounting change fell 53% to $3.9M. Revenue reflects lower net premium income due to a reduction in the life insurance business, decrease in investment income and lower surrender fees & other revenues. Lower loss reflects a decrease in claims & policy benefit expenses and lower policy acquisition costs & other insurance expenses.