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Company News

Manulife earnings rise 18 pct on strong sales in Asia

May 2 (Reuters) - Canadian insurer Manulife Financial Corp reported an 18.3 percent jump in first-quarter earnings on Wednesday as sales rose in Asia.

The company said its total core earnings rose to C$1.3 billion ($1.01 billion), or 64 Canadian cents per share, in the quarter ended March 31, from C$1.1 billion, or 53 Canadian cents, a year earlier.

$1 = 1.29 Canadian dollars Reporting by Mrinalini Krothapalli; Editing by Sriraj Kalluvila

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