* Q4 EPS C$0.468 vs C$0.568 a year ago
* Results in line with expectations
TORONTO, Feb 11 (Reuters) - Great West Lifeco Inc GWO.TO said on Thursday its profit fell 16 percent in the fourth quarter, in line with expectations, as gains in its Canadian segment were offset by lower profits in the United States and Europe.
Canada’s second-largest life insurer said net income was C$443 million ($422 million), or 46.8 Canadian cents a share, in the final quarter of 2009. That was down from C$525 million, or 58.6 Canadian cents a share, a year earlier.
The latest results included a charge of C$82 million for credit-related impairments and actuarial changes, which trimmed profit by 9 Canadian cents a share.
Analysts on average had expected the company to earn 46 Canadian cents a share, according to Thomson Reuters I/B/E/S.
Shares of the Winnipeg-based insurer were down 0.5 percent at C$26.36 early Thursday afternoon on the Toronto Stock Exchange.
$1=$1.05 Canadian Reporting by Andrea Hopkins; editing by Rob Wilson