2007年8月9日

Manulife Financial Corporation reports record second quarter earnings of $1.1 billion

"Manulife Financial Corporation today reported record shareholders’ net income of
$1,102 million, an increase of 15 per cent over the second quarter of last year. Fully diluted earnings per share were $0.71, up 18 per cent from one year ago. As well, adjusted return on common shareholders’ equity1 was 18.5 per cent, an increase of 220 basis points."

"Second quarter premiums and deposits rose to $16 billion, an increase of five per cent over last year when considered on a constant currency basis. Growth was a result of continued strong sales and growth in recurring premiums and deposits."

"John Hancock Life experienced record sales in the month of June, the highest monthly
sales outside of its peak year-end sales month of December, leading the business to record second quarter sales of US$201 million."

"Manulife and Berkshire-TWC Financial Group Inc. (“Berkshire”) announced that Manulife will acquire Berkshire and its more than 700 advisors and 237 branches across Canada. When combined with our existing mutual fund dealer, Manulife Securities, the transaction will double the number of wealth management advisors across Canada and will triple assets under administration in that business to approximately $19 billion."

"Premiums and deposits for the quarter were $16.4 billion, up four per cent from $15.9 billion reported a year earlier. This increase reflects strong business growth and higher segregated funds deposits, partially offset by the $0.3 billion negative impact of the strengthened Canadian dollar."





有沒有師兄可以指點"Realized/ unrealized losses on invested assets supporting policy liabilities and consumer notes"是什麼意思? 個loss好似多了很多…

2 則留言:

yogie 說...

My understanding is that the company has allocated funds for investment(invested assets ) to back up its liability under the polices and consumer notes underwritten and there are realized and unrealized loss arising from holding these assets.
Please correct me if my understanding is wrong.

Wheel 說...

Andre,

Thanks for the explanation.