Great-West Lifeco profit rises 1 pct
TORONTO Nov 7 (Reuters) - Great-West Lifeco, Canada's No. 2 life insurer, said on Thursday its third-quarter profit rose 1 percent as a 27 percent rise in premiums and deposits was offset by acquisition-related costs.
Winnipeg, Manitoba-based Great-West, which is 72-percent owned by Canadian holding company Power Financial Corp, earned a net C$523 million ($500.60 million), or 53 Canadian cents a share, in the quarter ended Sept. 30.
That compared with a year-before profit of C$518 million, or 55 Canadian cents a share.
Excluding acquisitions and restructuring costs related to the company's purchase of Irish Life earlier this year, Great-West earned 59 Canadian cents per share, in line with analysts' expectations, according to Thomson Reuters I/B/E/S.
- Vice-principal of South Korea school in ferry disaster commits suicide |
- After Nevada ranch stand-off, emboldened militias ask: where next?
- Florida man charged with murdering son so he could play video games
- New Russia sanctions threats as Ukraine stalemate goes on |
- All 338 Korean students, teachers rescued from sinking ferry - school official