Great-West Lifeco Quarterly Income Sets Record Again
Winnipeg Free Press › August 12, 2009
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Summary
[Ray McFeetors] wasn't concerned, however, saying its health care division's earnings, which were up quite significant over the previous quarter, were dragged down by an underperforming financial services arm.
"It's a function of mortality (in financial services). In the first two quarters of the year, we had very strong mortality, which means there weren't many people dying. In the third quarter, more people died and that impacted the claims side," he said."You always like to have your earnings growing. But that's why we're a large diversified company. In another quarter, our results might be strong in the U.S. and weak in another area."See the full content of this document
Extract
Great-West Lifeco Quarterly Income Sets Record Again
By Geoff Kirbyson
ANOTHER quarter, another record haul for Great-West Lifeco. The Winnipeg-based insurance giant reported net income for the three months ende...See the full content of this document
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