(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 This material may not be published, broadcast, rewritten, or redistributed.