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Great-West Lifeco reports rise in second-quarter net earnings to $1 billion

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Great-West Lifeco Inc. says its second-quarter earnings roughly doubled from last year as it benefited from interest rate movements and lower business expenses.

Great-West Lifeco headquarters are pictured in Winnipeg, Tuesday, February 19, 2013. THE CANADIAN PRESS/John Woods

The insurer says it had net earnings of $1 billion, or $1.08 cents per share, up from $498 million or 53 cents per share last year.

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