Scottish Re Group Ltd’s profits fell by more than $2 billion during 2010 due primarily to $242.2 million of net realised and unrealised gains on its invested assets.The re/insurer posted net income of $239.1 million or $1.09 per share for the year ended December 31, 2010 compared to $2.3 billion or $10.56 per share in the prior year. The $2.3 billion of net income attributable to ordinary shareholders in 2009 was primarily driven by a $1.2 billion gain on the de-consolidation of a collateral finance facility and a pre-tax gain of $703.6 million from the sale of a block of life reinsurance business, offset by a $49.8 million income tax expense.