UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): October 24, 2003
Scottish Re Group Limited
(Exact Name of Registrant as Specified in its Charter)
Cayman Islands
(State or Other Jurisdiction of Incorporation)
001-16855 N/A
(Commission File Number) (I.R.S. Employer
Identification Number)
(441) 295-4451
(Registrant's Telephone Number, Including Area Code)
P.O. Box HM 2939
Crown House, Third Floor, 4 Par-la-Ville Road
Hamilton HM12, Bermuda N/A
(Address of Principal Executive Offices) (Zip Code)
Scottish Annuity & Life Holdings, Ltd.
(Former Name or Former Address, if Changed Since Last Report)
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
99.1 Press Release issued by Scottish Re Group Limited on October
24, 2003.
99.2 Transcript of Earnings Release Conference Call held on
October 24, 2003.
Item 12. Results of Operations and Financial Condition.
On October 24, 2003, Scottish Re Group Limited (the "Company") issued a
press release announcing its results of operations for the quarter ended
September 30, 2003. A copy of the press release is attached hereto as Exhibit
99.1.
On October 24, 2003 the Company conducted a conference call regarding
the results of operations for the quarter ended September 30, 2003. A copy of
the transcript of this conference call is attached hereto as Exhibit 99.2. The
furnishing of the conference call transcript shall not be deemed to be an
admission of the Company that any of the material contained in it is material
information of a financial or statistical nature relating to the quarter just
ended.
The information in this Form 8-K and the Exhibits attached hereto shall
not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that
section, nor shall it be deemed incorporated by reference in any filing under
the Securities Act of 1933 or the Exchange Act, except as expressly set forth by
specific reference in such a filing.
Certain statements included in the press release and the conference
call transcript that are not strictly historical may be "forward-looking
statements" within the meaning of the federal securities laws. The management of
Scottish Re Group Limited cautions that forward-looking statements are not
guarantees, and that actual results could differ materially from those expressed
or implied in the forward-looking statements. Important events that could cause
the actual results of operations or financial condition of the Company to differ
include, but are not necessarily limited to, the Company's ability to attract
clients and generate business; the competitive environment; the Company's
ability to underwrite business; performance of outside service providers;
mortality risk; surrender risk; investment risk (including asset value risk,
reinvestment risk and disintermediation risk); the impact of unforeseen economic
changes (such as changes in interest rates, currency exchange rate, inflation
rates, recession and other external economic factors); the impact of terrorist
activities on the economy, the insurance and related industries in general and
the Company in particular; regulatory changes (such as changes in U.S. tax law
and insurance regulation which directly affect the competitive environment for
the company's products); rating agency policies and practices; and loss of key
executives. Investors are also directed to consider the risks and uncertainties
discussed in documents filed by the Company with the Securities and Exchange
Commission.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
SCOTTISH ANNUITY & LIFE HOLDINGS, LTD.
By: /s/ Paul Goldean
------------------------------------------
Paul Goldean
Senior Vice President and General Counsel
Dated: October 27, 2003
INDEX TO EXHIBITS
Number Description
99.1 Press Release issued by Scottish Re Group Limited on October 24, 2003.
99.2 Transcript of Earnings Release Conference Call held on October 24, 2003.