Manulife adjusted profit rises on wealth management, insurance gains

Thu Aug 6, 2015 6:37am EDT
 
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TORONTO Aug 6 (Reuters) - Canadian insurer Manulife Financial Corp reported a higher quarterly profit on an adjusted basis on Thursday, boosted by growth in wealth management and life insurance.

The Toronto-based company earned C$600 million, or 29 Canadian cents a share, in the second quarter, compared with C$943 million, or 49 Canadian cents a share, a year earlier.

Core profit rose to 44 Canadian cents per share from 36 cents a share. (Reporting by John Tilak; editing by Jason Neely)