Reuters logo
Manulife Financial profit jumps on investments
May 1, 2014 / 10:31 AM / 3 years ago

Manulife Financial profit jumps on investments

TORONTO, May 1 (Reuters) - Manulife Financial Corp said on Thursday its first-quarter profit rose by more than 50 percent, helped by a stronger investment performance.

Manulife, Canada’s biggest life insurer, said net income attributed to shareholders was C$818 million ($745.36 million), or 42 Canadian cents per share, compared with C$540 million, or 28 Canadian cents a share, a year earlier.

Core profit, which excludes one-time items and market-related gains and losses, was C$719 million, or 37 Canadian cents per share, up from C$619 million, or 32 Canadian cents per share.

The analysts’ average estimate for core profit was 39 Canadian cents a share, according to Thomson Reuters I/B/E/S.

$1 = 1.0975 Canadian dollars Reporting by Cameron French; Editing by Lisa Von Ahn

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below