During the quarter, the gross premiums written were $5.11 billion, compared to $5.23 billion for the same period in the previous year.

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The company has reported the total net premiums for the second quarter of $4.33 billion, compared with $4.52 billion of the year ago quarter.

According to Lifeco, the consolidated assets under administration at 30 June 2013 were $596 billion, up $50 billion from 31 December 2012.

The company’s Canada division has posted net earnings attributable to common shareholders for the second quarter of 2013 were $281 million compared to $253 million in the second quarter of 2012.

Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses.