Net income rose to C$457 million ($449 million), or 48 cents a share, from C$267 million, or 28 cents, a year earlier, the Winnipeg, Manitoba-based company said today in a statement. Results matched the average estimate of seven analysts surveyed by Bloomberg.
In the year-earlier period, Great-West recorded a C$204 million cost related to litigation.
Great-West is the last of Canada’s four main insurers to report third-quarter results.
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