Manulife profit boosted by Taiwan sale

TORONTO Thu Feb 13, 2014 6:26am EST

TORONTO Feb 13 (Reuters) - Manulife Financial Corp on Thursday reported a 20 percent rise in fourth-quarter profit as Canada's largest life insurer booked a C$350 million gain on the sale of its Taiwan insurance business last year.

The Toronto-based company said net income attributed to shareholders was C$1.3 billion, or 68 Canadian cents a share, compared with C$1.1 billion, or 57 Canadian cents a share, a year earlier.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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