12:04 PM EST - ING Canada Inc. : reported a 44 percent drop in fourth-quarter profit on Thursday because of lower underwriting results and lower realized investment gains, and its stock fell nearly 3 percent. The insurer earned $109.4 million, or 82 cents a share, down from $196.9 million, or $1.47 a share, a year earlier. Analysts had expected earnings of $1.14 a share before items, according to Reuters Estimates. ING Canada Inc.
shares T.IIC are trading down $2.00 at $50.70.
