November 10, 2016 / 11:12 AM / in a year

Canada's Manulife posts 79.6 pct rise in profit

Nov 10 (Reuters) - Manulife Financial Corp, Canada’s biggest life insurer, reported a 79.6 percent rise in quarterly profit, mainly due to gains from its diverse investments.

The company, which also has operations in the United States and Asia, booked a C$297 million ($221 million) net gain in the third quarter.

Net income attributable to the insurer’s shareholders rose to C$1.12 billion, or 55 Canadian cents per share, from C$622 million, or 30 Canadian cents per share, a year earlier.

Manulife’s core earnings per share were 49 Canadian cents. ($1 = C$1.34) (Reporting by Ismail Shakil in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below