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Scottish Re Group (Scottish Re Group) Retained Earnings : $-1,366.57 Mil (As of Jun. 2011)


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What is Scottish Re Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Scottish Re Group's retained earnings for the quarter that ended in Jun. 2011 was $-1,366.57 Mil.

Scottish Re Group's quarterly retained earnings increased from Dec. 2010 ($-1,208.29 Mil) to Mar. 2011 ($-1,185.91 Mil) but then declined from Mar. 2011 ($-1,185.91 Mil) to Jun. 2011 ($-1,366.57 Mil).

Scottish Re Group's annual retained earnings increased from Dec. 2008 ($-3,752.72 Mil) to Dec. 2009 ($-1,447.38 Mil) and increased from Dec. 2009 ($-1,447.38 Mil) to Dec. 2010 ($-1,208.29 Mil).


Scottish Re Group Retained Earnings Historical Data

The historical data trend for Scottish Re Group's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Scottish Re Group Retained Earnings Chart

Scottish Re Group Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -119.61 -1,042.40 -3,752.72 -1,447.38 -1,208.29

Scottish Re Group Quarterly Data
Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,269.84 -1,187.44 -1,208.29 -1,185.91 -1,366.57

Scottish Re Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Scottish Re Group  (OTCPK:SKRUF.PFD) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Scottish Re Group (Scottish Re Group) Business Description

Traded in Other Exchanges
N/A
Address
Crown House, First Floor, 4 Par-la-Ville Road, Hamilton, BMU, HM 08
Scottish Re Group is engaged in the reinsurance of life insurance, annuities and annuity-type products. It accepts part of the risk of insurance policies for a portion of the income earned by the policies. The company uses its headquarters in the tax-friendly Cayman Islands to provide wealth management and estate planning services to high net worth clients. It has operations in Bermuda, the Cayman Islands, Ireland, the United Kingdom, and the United States.
Executives
Richard M Rieder 10 percent owner 55 EAST 52ND STREET, NEW YORK NY 10055
Lehman Brothers Holdings Inc 10 percent owner 1271 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Seth Gardner director CERBERUS CAPITAL MANAGEMENT, L.P., 299 PARK AVENUE, NEW YORK NY 10171
George Robert Zippel director, officer: President & CEO 700 MAIN STREET, LYNCHBURG VA 24505
Terry Eleftheriou officer: CFO 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Jeffrey Hughes director 811 HANSEN WAY, PALO ALTO CA 94303
Lenard Tessler director C/O ALBERTSONS COMPANIES, INC., 250 E. PARKCENTER BLVD., BOISE ID 83706
Robert Eugene Joyal director 352 WARDNER ROAD, WEST WINDSOR VT 05089
James N Chapman director 14 ALPINE ROAD, GREENWICH CT 06830
Thomas M Finke director BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Michael Thomas Rollings director 1295 STATE STREET, SPRINGFIELD MA 01111
Larry Port director 230 PARK AVENUE, NEW YORK NY 10169
Stephen Feinberg 10 percent owner 875 THIRD AVENUE, 11TH FLOOR, NEW YORK NY 10022
Massachusetts Mutual Life Insurance Co 10 percent owner 1295 STATE STREET, SPRINGFIELD MA 01111
Glenn S Schafer director 151 DETROIT STREET, DENVER CO 80206

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