Combine rice and milk in a large saucepan; bring to a boil. Reduce heat, and simmer, uncovered, 10 minutes, stirring occasionally, until slightly thick.
Combine egg and next 5 ingredients. Stir about 1 cup hot rice mixture into egg mixture.
Add to remaining hot mixture in pan, and cook 5 minutes, stirring constantly, until mixture thickens. Stir in raisins. Sprinkle with almonds just before serving. Serve warm.