Annuity & Life Re Holdings Ltd., Special/Extraordinary Shareholders Meeting, Sep 09, 2009 Agenda: To approve a proposed amalgamation of the company with Pope Ltd.

Annuity & Life Re Holdings Ltd. announced financial results for the second quarter and six months ended June 30, 2009. The company reported a net loss of $82,532 or $0.00 per fully diluted share for the three months ended June 30, 2009, as compared to a net loss of $212,458 or $0.01per fully diluted share for the three months ended June 30, 2008 and a net loss of $257,932 or $0.01 per fully diluted share for the six months ended June 30, 2009 compared to a net loss of $291,671 or $0.01 per fully diluted share for the six months ended June 30, 2008. Gross unrealized gains on the company's investments were $0 as of June 30, 2009, as compared to gross unrealized gains of $212,325 as of December 31, 2008. Cash used by continuing operations for the six months ended June 30, 2009 was $1,386,583, compared to cash used by operations of $17,606,201 for the six months ended June 30, 2008.

Annuity & Life Re Holdings Ltd. reported earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported a net loss of $175,400 or $0.01 per fully diluted share as compared to a net loss of $79,213 or $0.00 per fully diluted share for the three months ended March 31, 2008. Net realized investment gains for the three months ended March 31, 2009 were $205,498, as compared with net realized investment gains of $0 for the three months ended March 31, 2008. Cash used by operations for the three months ended March 31, 2009 was $936,598 compared to cash used by operations of $16,847,599 for the three months ended March 31, 2008.