Increase in Earnings Volatility for Life Insurance Cos

Scotia Capital, 13 March 2007Event� The most recent version of "Scotia Capital Insurance Weekly Update", released last night, contains a small piece on the New Accounting Standards, effective 2007, which will result in increased earnings volatility for the Canadian lifecos. We highlight the piece in this note.What It Means� The inherent smoothing due to the amortization of gains and losses on