Great-West Lifeco Q3 2009 Earnings

Scotia Capital, 6 November 2009� EPS of $0.47, vs. our $0.43 estimate. In line with consensus of $0.48.Implications� Unlike the other big lifecos, GWO's limited equity market sensitivity and minimal interest rate sensitivity once again resulted in a fairly steady quarter - $0.04 above our estimate and $0.01 below consensus - underlying EPS at $0.49 in line with our estimate.� Sales momentum