Scottish Re Group Ltd (fka SKRRF)

[Enterprising Investor]

4Q Income Statement.

Revenues
Premiums earned $125,517
Fee and other income $1,258
Investment income, net $41,200
Net realized and unrealized gains (losses) $30,019
Gain on de-consolidation of collateral finance facility 0
Gain on consolidation of funding arrangement $253,824
Change in value of long term debt at fair value $(-22,125)
Gain on extinguishment of debt 0
Change in value of embedded derivatives, net $6,862
Total revenues $436,555

Benefits and expenses
Claims and other policy benefits $106,248
Interest credited to interest sensitive contract liabilities $13,568
Acquisition costs and other insurance expenses $38,325
Operating expenses $7,740
Collateral finance facilities expense $8,215
Interest expense $1,434
Total benefits and expenses $175,530

Income (loss) from continuing operations before income taxes $261,025