IE Staff
(November 9 – 9:10 ET) – Crown Life is reporting its earnings for the nine months ended September 30. Its posting earnings per share of $4.57 this year, compared with $1.64 in the period last year.
On January 1 it sold virtually all of its insurance assets to Canada Life Assurance Co. Its results now rely on the firm’s invested asset portfolio.
U.S. mortgages accounts for more than 75% of the assets, with real estate making up the bulk of the remainder.
-IE Staff
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