Great-West Lifeco Q1 2007 Earnings

Scotia Capital, 4 May 2007Event� Great-West Lifeco reported Q1/07 EPS of $0.57, in-line with consensus and $0.01 above our estimates. Results were clean, with "no noise" and earnings in each segment in-line with our expectations.What It Means� A good steady clean quarter with excellent top-line momentum (revenue premium was up 20%). General expenses, up 7%, were higher than historical trend, due