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Manulife Financial Corp

  • TORONTO, May 1- Manulife Financial Corp said on Thursday its first-quarter profit rose by more than 50 percent as a stronger investment performance and higher wealth management fees more than offset weaker insurance sales, but the results just missed analysts' estimates.

  • Manulife Financial profit jumps on investments Thursday, 1 May 2014 | 6:28 AM ET

    TORONTO, May 1- 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, or 42 Canadian cents per share, compared with C $540 million, or 28 Canadian cents a share, a year earlier.

  • UPDATE 3-China eases M&A rules for insurers Tuesday, 8 Apr 2014 | 11:27 AM ET

    SHANGHAI/ HONG KONG, April 8- China's decision to partially relax mergers and acquisition rules in the insurance industry could see global insurance firms expand their footprint in the $288 billion market.

  • SHANGHAI/ HONG KONG, April 8- China's decision to partially relax mergers and acquisition rules in the insurance industry could see global insurance firms expand their footprint in the $288 billion market.

  • Feb 18- Institutional investors are buying up U.S. farmland at a rapid rate, and their influence is starting to shift the types of crops grown and the way the land is managed, according to a report issued Tuesday.

  • TORONTO, Feb 13- The profits of Canadian life insurers grew in the fourth quarter, as higher returns from growing wealth management units offset uneven insurance sales, highlighting a shift in business as the companies cut risk in the wake of the financial crisis.

  • TORONTO, Feb 13- Manulife Financial Corp reported a 20 percent rise in fourth-quarter profit as stronger mutual fund sales and a C $350 million gain on the sale of its Taiwan insurance business offset weaker insurance sales, but results still fell short of estimates.

  • Manulife profit boosted by Taiwan sale Thursday, 13 Feb 2014 | 6:26 AM ET

    TORONTO, Feb 13- 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.

  • 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.

  • *Debt crises in Europe and U.S. could hit markets. With debt crises in Europe and the United States pressuring stocks and threatening another severe market downturn, analysts say one or more of the insurers could cut profit targets when they start reporting results on Wednesday.

  • Manulife says Hurricane Sandy exposure is 'manageable' Tuesday, 30 Oct 2012 | 9:33 PM ET

    TORONTO, Oct 30- Manulife Financial, one of North America's largest insurers, said its exposure to Hurricane Sandy was manageable and within its risk tolerance. Intact Financial, which is Canada's largest property& casualty insurer, said it has no exposure to the hurricane as it does not have any U.S. operations.

  • WASHINGTON, Oct 29- The U.S. Supreme Court refused on Monday to consider two appeals in a case weighing the ability of tens of millions of Americans to bring lawsuits over their retirement plans.

  • *TD Securities raises Sun Life Financial price target to C $28 from. *TD Securities raises Manulife Financial price target to C $15 from. *TD Securities raises Industrial Alliance price target to C $28 from.

  • *ING's first deal in Asia asset sell-off. HONG KONG/ AMSTERDAM, Oct 11- Pan Asian insurer AIA Group Ltd has agreed to buy ING's Malaysian insurance operations for $1.73 billion in cash, handing the Dutch financial services firm its first deal in a nine-month drive to sell off Asian assets.

  • *ING's first deal in Asia asset sell-off. HONG KONG/ AMSTERDAM, Oct 11- Pan Asian insurer AIA Group Ltd has agreed to buy ING's Malaysian insurance operations for $1.73 billion in cash, handing the Dutch financial services firm its first deal in a nine-month drive to sell off Asian assets.

  • AMSTERDAM, Oct 11- ING said it has agreed to sell its Malaysian insurance unit to pan-Asian insurer AIA Group Ltd for 1.3 billion euros in cash, kicking off the Dutch group's long-awaited divestment of Asian assets.