Filed Under:Markets, Company News

Manulife first major Canada insurer to resume dividend gain

Net income climbed to C$943 million (US$863 million), or 49 cents a share, from C$259 million, or 12 cents, a year earlier.
Net income climbed to C$943 million (US$863 million), or 49 cents a share, from C$259 million, or 12 cents, a year earlier.

(Bloomberg) -- Manulife Financial Corp. became the first of Canada’s big three life insurers to resume dividend increases since the financial crisis as its second-quarter profit more than tripled on U.S. wealth-management fees.

Net income climbed to C$943 million (US$863 million), or 49 cents a share, from C$259 million, or 12 cents, a year earlier, the Toronto-based company said today in a statement. Profit excluding some items was 36 cents a share, missing the 40-cent average estimate of 14 analysts surveyed by Bloomberg.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Featured Video

Most Recent Videos

Prospects not listening to voice mail? Arrange a phone date

Provided by LIFEHEALTHPRO

Redesigning your phone life is more important than finding the “best words” for a voice mail in today’s culture.

Behind the scenes with Vicki Gunvalson [VIDEO]

Provided by LIFEHEALTHPRO

In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI

Provided by LIFEHEALTHPRO

Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's

Provided by LIFEHEALTHPRO

An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Related resources

More Resources

Comments

Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Close
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.