Great-West Lifeco Q2 2008 Earnings

Scotia Capital, 31 July 2008Event� Q2/08 EPS (ex $0.73 one-time gain) was $0.63, versus our $0.57 and consensus of $0.61.What It Means� A reasonably clean quarter, we would peg "underlying" EPS in the $0.61 to $0.62 range. Excellent expense control, despite acquisitions, with a very scalable platform especially in Europe and U.S. Financial Services. Europe still going strong, 401(k) and P/NP net