Great-West Lifeco Inc. (GWO.TO) ,the Winnipeg, Manitoba-based company reported second quarter net profit attributable to common shareholders of of C$491 million or C$0.517 per share, compared to C$526 million or C$0.553 per share last year.
On average, 10 analysts polled by Thomson Reuters expected earnings of C$0.48 per share for the quarter. Analysts' estimates typically exclude special items.
Total premiums and deposits for the quarter grew to C$13.13 billion from C$16.29 billion in the prior-year quarter. Total net premiums were C$4.52 billion, up from C$4.27 billion in the year ago quarter.
The company declared quarterly dividend of C$0.3075 per share, which is payable on September 28, 2012 to shareholders of record at the close of business August 31, 2012.
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