Annuity and Life Re (Holdings) Ltd. reported a net loss of $82,532 for the three months ended June 30, 2009, compared to a net loss of $212,458 for the same period last year.

The company had investment gains of $185 during the third quarter versus $21,017 during the three months ended June 30, 2008, while the company's fixed income investments were all liquidated in the first quarter of 2009.

In July, Annuity and Life Re announced that its board of directors had executed an amalgamation agreement with Pope Ltd. and its sole shareholder, Pope Investments II LLC, which will now be proposed for approval by the company's shareholders.