Great-West Lifeco Q3 Profit Down - Quick Facts

(RTTNews) - Great-West Lifeco Inc. (GWO.TO) Thursday reported third-quarter profit of C$523 million or C$0.522 per share, down from C$518 million or C$0.542 per share in the same period last year.

On average, 10 analysts polled by Thomson Reuters expected the company to earn C$0.59 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues declined to C$6.92 billion from C$8.64 billion last year.

Net-investment income decreased to C$1.39 billion from C$2.98 billion last year. Net premiums totaled C$4.60 billion, up from C$4.33 billion last year.