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Manulife reports 9 percent increase in fourth quarter earnings

Reuters

TORONTO (Reuters) - Canada's biggest insurer, Manulife Financial Corp, on Wednesday reported a 9 percent increase in fourth quarter earnings, just shy of market forecasts, helped by strong growth in Asia.

Manulife reported earnings per share, excluding one-off items, of C$0.65, compared with C$0.59 a year ago. Analysts had on average expected earnings of C$0.66, according to IBES data from Refinitiv.

(Reporting by Matt Scuffham; Editing by Bill Berkrot)