February 13, 2014 / 11:26 AM / 4 years ago

Manulife profit boosted by Taiwan sale

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.

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