Great-West Lifeco Inc. yesterday reported net income attributable to common shareholders of $563 million or $1.516 per share for the nine months ended September 30, an increase of 21% over 2000.

This result is before two specific adjustments, comprised of a third-quarter claims provision in Canadian Operations of $73 million from the United States disaster of September 11, and the previously reported second-quarter non-recurring charge of $164 million in U.S. Operations associated with Alta Health and Life Insurance Company.

These adjustments represent 19.9¢ per common share and 44¢ per common share, respectively.

For the third quarter, net income attributable to common shareholders before adjustments was $197 million or 53¢ per share, compared to $164 million or 44¢ per share in 2000.

Including all charges, total net income attributable to common shareholders, for the nine months ended September 30 was $326 million or 87.7¢ per share, compared with $469 million or $1.254 per share in 2000.

For the third quarter, net income attributable to common shareholders including all charges was $124 million or 33.4¢ per share, compared to $164 million or 44¢ per share in 2000.

Total premiums and deposits were up 6% for the quarter.

Charges for claims provisions from the September 11 terrorist attacks included in third quarter results for common shareholders were $73 million, essentially related to the reinsurance business associated with Canadian Operations.

Return on common shareholders’ equity on an adjusted basis was 19.6% for the twelve months ended September 30, 2001.