Previous Close | 33.27 |
Open | 33.25 |
Bid | 33.60 x 0 |
Ask | 33.61 x 0 |
Day's Range | 33.19 - 33.67 |
52 Week Range | 23.69 - 34.05 |
Volume | |
Avg. Volume | 6,602,732 |
Market Cap | 60.336B |
Beta (5Y Monthly) | 1.09 |
PE Ratio (TTM) | 12.87 |
EPS (TTM) | 2.61 |
Earnings Date | May 09, 2024 |
Forward Dividend & Yield | 1.60 (4.76%) |
Ex-Dividend Date | Feb 27, 2024 |
1y Target Est | 35.12 |
TORONTO — Manulife Financial Corp. says first quarter earnings were down from last year because of the effects of a major reinsurance deal. The insurance giant says its net income attributed to shareholders for the quarter ending March 31 was $866 million, down from $1.4 billion in the same quarter last year. It says the results include the $800 million impact from a $13-billion reinsurance deal with Global Atlantic that it says included the largest long-term care reinsurance deal in history. Ma
Canada's Manulife Financial Corp on Wednesday reported better than expected quarterly profit boosted by a robust performance in its Asia business and wealth management unit. The country's largest insurer has counted on its Asia business to boost growth amid uncertainty in other parts of the world despite challenges amid China's slowing economy and a bumpy pandemic recovery. Chief Financial Officer Colin Simpson noted that China, Japan and Singapore were among strong performers while sales in Hong Kong, a region that benefited after the reopening of the border with mainland China last year, slowed.
The country's largest insurer has counted on its Asia business to boost growth amid uncertainty in other parts of the world despite challenges amid China's slowing economy and a bumpy pandemic recovery. Chief Financial Officer Colin Simpson noted that China, Japan and Singapore were among strong performers while sales in Hong Kong, a region that benefited after the reopening of the border with mainland China last year, slowed.