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Underlying profit at Canada’s second-largest life insurer was C$902 million ($728 million), or C$1.54 a share, in the three months ended Sept. 30, from C$842 million, or C$1.44, a year earlier. Analysts had expected C$1.52 Canadian cents.
Reported net income attributable to shareholders climbed to C$1 billion from C$750 million a year earlier.
($1 = 1.2390 Canadian dollars)
