Manulife Reports 1st Quarter Figures
Manulife has reported a rise in first quarter earnings. Net income for the first quarter was C$1.35 billion, up $305 million from previous year.
“exceeded $1 trillion for the first time in the company.”
Global assets under management and administration achieved an important milestone and exceeded $1 trillion for the first time in the company. Asia continues to be a key driver and achieved a 31% increase in annualised premium sales compared with 1Q2016.
News Source: Manulife Press Release
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 22 countries and territories world-wide. We provide financial protection and wealth management products and services, to individual and group customers in Canada, the United States and Asia. These products and services include individual life insurance, group life and health insurance, long-term care services, pension products, annuities, mutual funds and banking products. We offer reinsurance services, specializing in life retrocession and property and casualty reinsurance and provide investment management services with respect to the Company’s general fund and segregated fund assets and to mutual funds and institutional customers.
- Origin: Toronto, Canada
- Assets: $704,643 million CAD
- Revenue: $34,430 million CAD
- Employees: 34,000 employees & 63,000 agents
Official Website: www.manulife.com
News & Media: Press Release
Updated on 8th August 2016