Manulife profit beats estimates on strong gains from Asia, wealth management [Financial Post (Toronto, Ontario, Canada)]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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Source: Financial Post
Manulife Financial Corp. posted first-quarter profit that beat analysts' estimates, boosted by continued strength in its Asia operations and wealth-management business. Core earnings increased 16 per cent from a year earlier to $1.8 billion, or 94 cents a share, the Toronto-based life insurer and asset manager said Wednesday in a statement. That beat the 91-cent average estimate of analysts in a Bloomberg survey. Article content Article content “Global wealth and asset management saw strong net inflows,” chief financial officer Colin Simpson said in the statement. “Our capital position remains robust.” In Asia, core earnings increased 39 per cent from a year earlier, and they rose 25 per cent in global wealth and asset management. Manulife recently offloaded some of its less-profitable assets by striking two large reinsurance deals, both of which have now closed. These transactions are allowing the company to reduce risk, release capital and return money to shareholders t
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MFC
Earnings
- 5/8/24 - Beat
MFC
Sec Filings
- 5/14/24 - Form 13F-NT
- 5/9/24 - Form 6-K
- 5/8/24 - Form 6-K
- MFC's page on the SEC website