Asian insurance sales boost Manulife profit $972 million
November 14, 2014 by Katia Dmitrieva
(Bloomberg) — Manulife Financial Corp., Canada’s largest life insurer, said profit rose 6.4 percent in the third quarter as wealth and insurance sales jumped in Asia, countering declines in Canada and the U.S.
Net income climbed to C$1.1 billion ($972 million), or 57 cents a share, from C$1.03 billion, or 54 cents, a year earlier, the Toronto-based company said in a statement today. Profit excluding some items was 39 cents a share, missing the 40-cent average estimate of 15 analysts surveyed by Bloomberg. Click here to read…
Originally Posted at LifeHealthPro on November 13, 2014 by Katia Dmitrieva.
Categories: Industry Articles