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Canada Life Reports Higher 4th Quarter Net Income

By Staff Writer

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NU Online News Service, Feb. 6, 9:49 a.m. –Canada Life Financial Corp., Toronto, is reporting the equivalent of $84 million in net income in U.S. currency for the fourth quarter of 2002 on $1.5 billion in revenue, up from $22 million on $1.4 billion in revenue for the fourth quarter of 2001.

The conversions here are based on an exchange rate of $1=1.5769 Canadian dollars for the 2002 results, and an exchange rate of $1=1.5911 Canadian dollars for the 2001 results, using figures provided by OANDA Corp., New York.