Income Statements: Manulife Financial Corp (MFC)

MFC on New York Consolidated

19.18USD
19 Dec 2014
Price Change (% chg)

$0.20 (+1.05%)
Prev Close
$18.98
Open
$19.14
Day's High
$19.36
Day's Low
$18.91
Volume
1,895,422
Avg. Vol
1,815,688
52-wk High
$20.77
52-wk Low
$16.68

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Interim Income Statement
View: AnnualInterim

In Millions ofCanadian Dollars
(except for per share items)
2014
2014-09-30
Period Length
3 Months
Total Premiums Earned 6,856.0
Net Investment Income 2,618.0
Realized Gains (Losses) 1,561.0
Other Revenue, Total --
Total Revenue 11,035.0
Losses, Benefits, and Adjustments, Total 6,434.0
Amortization of Policy Acquisition Costs --
Selling/General/Admin. Expenses, Total 2,846.0
Depreciation/Amortization --
Interest Expense, Net - Operating --
Interest Expense(Income) - Net Operating --
Unusual Expense (Income) --
Other Operating Expenses, Total 79.0
Total Operating Expense 9,359.0
Operating Income 1,676.0
Interest Expense, Net Non-Operating (284.0)
Interest/Invest Income - Non-Operating --
Interest Income(Exp), Net Non-Operating --
Gain (Loss) on Sale of Assets --
Other, Net --
Net Income Before Taxes 1,392.0
Provision for Income Taxes 287.0
Net Income After Taxes 1,105.0
Minority Interest (9.0)
Equity In Affiliates --
U.S. GAAP Adjustment --
Net Income Before Extra. Items 1,096.0
Accounting Change --
Discontinued Operations --
Extraordinary Item --
Tax on Extraordinary Items --
Net Income 1,096.0
Preferred Dividends (28.0)
General Partners' Distributions --
Miscellaneous Earnings Adjustment 4.0
Pro Forma Adjustment --
Interest Adjustment - Primary EPS --
Income Available to Com Excl ExtraOrd 1,072.0
Income Available to Com Incl ExtraOrd 1,072.0
Basic Weighted Average Shares 1,859.00
Basic EPS Excluding Extraordinary Items 0.577
Basic EPS Including Extraordinary Items 0.577
Dilution Adjustment --
Diluted Weighted Average Shares 1,883.00
Diluted EPS Excluding ExtraOrd Items 0.569
Diluted EPS Including ExtraOrd Items 0.569
DPS - Common Stock Primary Issue 0.155
Gross Dividends - Common Stock 290.0
Total Special Items --
Normalized Income Before Taxes 1,392.0
Effect of Special Items on Income Taxes --
Inc Tax Ex Impact of Sp Items 287.0
Normalized Income After Taxes 1,105.0
Normalized Inc. Avail to Com. 1,072.0
Basic Normalized EPS 0.577
Diluted Normalized EPS 0.569

Fitch Assigns 'A-' Rating to Manulife's Sub Debt

(The following statement was released by the rating agency) CHICAGO, December 01 (Fitch) Fitch Ratings has assigned an 'A-' rating to newly issued Manufacturers Life Insurance Company (MLI) CAD500 million 2.64% fixed/floating subordinated debentures due 2025 (MFC guarantor). KEY RATING DRIVERS Proceeds from the issuance will be used for general corporate purposes, including future refinancing requirements. Pro forma financial leverage is estimated at 20.2%, up slightly from 19.3% at Sept. 30

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