Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Great-West Life Says Profit Rises After Year-Earlier Costs

Don't Miss Out —
Follow us on:

Nov. 10 (Bloomberg) -- Great-West Lifeco Inc., Canada’s second-largest insurer, said profit in the third quarter climbed 71 percent because of year-earlier costs for litigation.

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.

To contact the reporter on this story: Sean B. Pasternak in Toronto at

To contact the editors responsible for this story: David Scanlan at; Dan Kraut at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.