Sun Life's first-quarter profit falls on hit from higher morbidity claims [Globe and Mail, The (Toronto, Canada)]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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Source: Globe and Mail, The
Earnings from the company's group health and protection businesses fell 8% to $280 million, driven by less favourable morbidity experience in U.S. medical stop-loss as well lower results in U.S. dental. The country's second-largest life insurer posted a 4% drop in underlying net income from its individual protection business to $278 million, due to the sale of Sun Life UK. The results come a day after bigger rival Manulife Financial beat analysts' estimates, driven by strong growth in Asia, one of its most important markets. Sun Life posted underlying net income of $875 million, or $1.50 per share, in the three months ended March 31, compared with $895 million, or $1.52 per share, a year earlier. Sign up for the Top Business Headlines: Evening Edition Newsletter. An informative summary of the day's top business headlines, features and columns. Explore newsletters
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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