TORONTO, Aug 3 (Reuters) - Great-West Lifeco GWO.TO said on Wednesday its second-quarter profit rose 15.6 percent, helped by strong investment returns and insurance sales in its core Canadian business.
The Winnipeg-based company earned C$526 million ($548 million), or 55 Canadian cents a share, in the quarter ended June 30. That compared with a profit of C$455 million, or 48 Canadian cents a share, in the year-before period.
Analysts had expected, on average, a profit of 49 Canadian cents a share, according to Thomson Reuters I/B/E/S.
$1=$0.96 Canadian Reporting by Cameron French; editing by Rob Wilson