Scottish Re Group Ltd. (SKRRF.PK) posted third-quarter net income attributable to ordinary shareholders of $201.9 million or $0.92 per share compared with a net loss attributable to ordinary shareholders of $713.9 million or $10.44 per share in the same quarter last year.
The net income attributable to ordinary shareholders for the three month period ended September 30, 2009 was driven by net realized and unrealized gains of $191.1 million resulting from an overall market recovery of fixed maturity investments, as compared to net realized and unrealized losses of $475.4 million for the prior year period, the company said.
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