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Manulife Financial Corp

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  • Manulife, Canada's largest insurer, earns the bulk of its profit in North America but also has a fast-growing Asian unit. Insurance sales fell 19 percent in the United States, where Manulife owns John Hancock, and slumped 23 percent in Canada. Toronto- based Manulife said insurance sales rose 46 percent in Asia, while wealth management sales surged 74 percent.

  • Nov 13- Canada's Manulife Financial Corp reported a third-quarter core profit that narrowly missed analysts' expectations, as insurance and wealth management sales declined in Canada and the United States. While North America is the main drivers of the company's profit, Manulife has targeted Asia as a key growth area and reported strong sales in countries...

  • Asian markets boost Manulife Financial profit Thursday, 13 Nov 2014 | 6:17 AM ET

    Nov 13- Life insurer Manulife Financial Corp reported a 6.4 percent rise in third-quarter profit, driven by strong sales in Asian markets such as Japan, Hong Kong and Indonesia. Net income attributed to shareholders rose to C $1.10 billion, or 57 Canadian cents per share, in the quarter ended Sept. 30 from C $1.03 billion, or 54 Canadian cents per share, a year earlier.

  • HONG KONG, Nov 7- U.S.-based Principal Financial Group Inc said on Friday it had agreed to buy French insurer AXA SA's Hong Kong retirement savings business for $335 million in what would be the city's first pension M&A deal in more than a decade. HSBC Plc and Manulife Financial Corp control nearly half of all retirement savings assets in Hong Kong, according to...

  • Nov 6- Genworth Financial Inc lost more than a third of its market value after the life and mortgage insurer said a turnaround in its long-term care business would take longer than expected and posted a surprise quarterly loss. Shares of Genworth, the largest long-term care insurer in the United States, fell as much as 38 percent, wiping out about $2.7 billion of...

  • Nov 6- Life and mortgage insurer Genworth Financial Inc said it would suspend dividends in its life business until the end of next year, and that it was open to all strategic options. Genworth shares fell as much as 38 percent on Thursday, wiping out about $2.7 billion of the company's market value. Genworth, spun off from General Electric Co a decade ago, had years ago...

  • TORONTO, Sept 5- Canada's main stock index finished Friday's session little changed, as modest, but broad, declines led by financial stocks, offset resource gains and investors kept to the sidelines. Toronto-Dominion Bank was off 0.52 percent at C $57.48, while Royal Bank of Canada slipped 0.4 percent to C $80.76.

  • LONDON, Sept 4- European shares rose on Thursday, with a key benchmark briefly hitting a 6-1/ 2 year high, as the European Central Bank further cut interest rates and unveiled plans to buy assets in a bid to shore up inflation in the euro zone.

  • *Standard Life jumps on news of Canadian unit sale. LONDON/ PARIS, Sept 4- European shares marked time on Thursday after sharp gains in the previous session as investors waited to see whether the European Central Bank would unveil further measures to avoid deflation.

  • European shares dip ahead of ECB; Standard Life surges Thursday, 4 Sep 2014 | 4:01 AM ET

    *Standard Life jumps on news of Canadian unit sale. PARIS, Sept 4- European shares dipped in early trading on Thursday, taking a breather from the previous session's sharp gains, as investors waited to see whether the European Central Bank will unveil further immediate measures to avoid deflation.

  • PARIS, Sept 4- European shares dipped in early trading on Thursday, taking a breather following the previous session's sharp gains, as investors awaited to see whether the European Central Bank will unveil further immediate measures to avoid deflation.

  • TORONTO, Sept 3- Manulife Financial Corp said on Wednesday it has agreed to acquire the Canadian operations of Standard Life Plc for about C $4 billion in cash, in a deal that significantly expands the insurer's presence in Quebec.

  • TORONTO, Aug 7- Manulife Financial Corp unexpectedly hiked its dividend for the first time since the financial crisis on Thursday, as it reported quarterly profits that jumped on stronger financial markets but was just shy of analysts' expectations.

  • TORONTO, Aug 7- Manulife Financial Corp said on Thursday its second-quarter profit more than tripled due to a stronger performance by investments and other market-related factors, and Canada's biggest life insurer raised its dividend for the first time since 2009..

  • TORONTO, Aug 7- Manulife Financial Corp said on Thursday its second-quarter profit more than tripled due to a stronger performance by investments and other market-related factors, and Canada's biggest life insurer raised its dividend for the first time since 2009..

  • Citi picks AIA for Asia distribution deal Wednesday, 18 Dec 2013 | 8:34 PM ET

    Citigroup has picked AIA as its partner in a deal that allows the insurer's products to be sold through the U.S. bank's network. The FT reports.

  • Manulife Financial: Asia prefers liquidity  Tuesday, 29 Oct 2013 | 7:44 PM ET

    Robert Cook, President and CEO, Asia at Manulife Financial describes the "barbelling" approach that most Asian retail investors take when managing risk.

  • ECB Seen Joining Central Banks With Rate Cuts Wednesday, 1 May 2013 | 8:46 PM ET

    With reassurances that the Fed will keep on easing, markets turn their attention to the European Central Bank Thursday, hoping for a rate cut.

  • Why Now Is the Time to Buy Long-Term Care Insurance Friday, 26 Apr 2013 | 7:40 AM ET

    Long-term care insurance providers are hurting, and they are dreaming up new ways to share their pain with consumers. Here's how to cope.

  • Locked Down: Boston Funds Industry Works from Home Friday, 19 Apr 2013 | 4:29 PM ET
    This was the scene on Federal Street in the Financial District.

    The streets of Boston's financial district, usually bustling, were empty on Friday as a virtual lockdown for a police manhunt disrupted the largest center for U.S. mutual funds and affected trading across markets.