BMO CM on Life Insurance Cos

BMO Capital Markets, 20 December 2006Consolidation Paying Dividends - Three Years After Consolidation: Market Shares Concentrated & Higher Operating MarginsExecutive Summary:Harvesting Earnings from CanadaThe Canadian life insurers are by and large global companies. Nevertheless, earnings from Canada represent 25-100% of each company�s profits and for all, except Manulife, Canada is the biggest