Great-West Lifeco Q2 2007 Earnings

BMO Capital Markets, 2 August 2007ImpactSlightly positive.ForecastsNo changes to our 2007E and 2008E EPS of $2.40 and $2.75, respectively.ValuationThe $40 target price is unchanged, representing 14.5x 2008E EPS.RecommendationOverall, results in the quarter were good, with particular strength in Europe and Canada. New business growth remains attractive across all major segments: Canada, US