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News Breaks
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November 5, 2009
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| 15:06 EDT |  | MFC |
| theflyonthewall.com: | Manulife Financial CEO sees unprecedented opportunities for acquisition | | Despite swinging to a Q3 loss of CDN 12c, Manulife (MFC) CEO Donald Guloien is optimistic about future growth and sees "unprecedented opportunities for acquisition." The company noted that in Q3, strong gains in the U.S. equity market produced gains of CDN$1.2B. However, they were offset by non-cash charges of CDN$1.2B due to a decline in interest rates, corporate bond spreads, and changes in actuarial assumptions. The company reported a 2% year-over-year gain in total sales of life insurance with wealth sales up 4%. Manulife said it is on track to complete a reorganization of its U.S. subsidiaries by the end of this year, which should deliver capital and operating efficiencies going forward. The company remains highly focused on building cash levels, as witnessed by its recent Q2 dividend cut, and is optimistic about growing through acquisition. It estimates quarterly after-tax adjusted earnings from operations in the range of CDN$750M-$850M for the remainder of FY09 and FY10. These comments made on Manulife's Q3 earnings conference call. :theflyonthewall.com |
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February 13, 2012
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| 10:37 EDT | | MFC |
| theflyonthewall.com: | Manulife Financial unit selected to manage $140M for Kentucky Retirement Systems | | Manulife Asset Management said that it was awarded a $140M mandate for its global multi-sector Strategic Fixed Income strategy by the Kentucky Retirement Systems. The retirement system announced the decision in August of 2011. Funding was completed in November. :theflyonthewall.com |
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February 10, 2012
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| 06:52 EDT |  | MFC |
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February 9, 2012
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| 15:39 EDT |  | MFC |
| | 06:11 EDT |  | MFC |
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