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Posted AT 3:51 PM EST on 05/11/09

Great-West Lifeco posts $445-million profit

The Canadian Press

Great-West Lifeco Inc. said Thursday it earned $445-million in its latest quarter, up from $436-million a year ago.The Winnipeg-based insurance company said the profit amounted to 47 cents per share for the quarter ended Sept. 30, compared with a profit of 49 cents per share a year ago when it had fewer shares outstanding.Revenue totalled $10.38-billion, up from $3.97-billion a year ago.Consolidated assets under administration at the end of the quarter were $454.

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