Reported net income of $413 million and $739 million in Q2 and H1, respectively
Great-West Lifeco (Lifeco) has reported a net income attributable to common shareholders of $413 million for the three months ended June 30, 2009, compared to $564 million in 2008.
On a per common share basis, this represents $0.437 per common share for the three months ended June 30, 2009, compared to $0.630 per common share for 2008.
For the six months ended June 30, 2009, net income attributable to common shareholders was $739 million, compared to $1,057 million a year ago. On a per common share basis, this represents $0.783 per common share for the six months ended June 30, 2009, compared to $1.230 per common share for 2008.
The company reported net income of $564 million for the three months ended June 30, 2008 and $1,057 million for the six months ended June 30, 2008, represents adjusted net income from continuing operations.
Great-West Lifeco is a financial services holding company which specialises in life insurance, health insurance, retirement savings, investment management and reinsurance businesses.