🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

BRIEF-Manulife reports Q4 earnings per share C$0.11

Published 2016-02-11, 06:07 a/m
© Reuters.  BRIEF-Manulife reports Q4 earnings per share C$0.11
MFC
-

Feb 11 (Reuters) - Manulife Financial Corp MFC.TO :
* Reports 2015 core earnings of $3.4 billion, net income of $2.2 billion (up
19% and down 37%, respectively, compared with 2014), strong top line growth
and a dividend increase of 9%
* Q4 earnings per share C$0.11
* Q4 earnings per share view C$0.45 -- Thomson Reuters I/B/E/S
* Q4 core earnings per share C$0.42
* Insurance sales of US$416 million in 4q15 were 20% higher than 4q14
* Other wealth sales of US$929 million in 4q15 were 93% higher compared with
4q14
* Premiums and deposits for insurance products were $7.8 billion in 4q15, an
increase of 7% on a constant currency basis
* Q4 total revenue $10.39 billion versus $15.98 billion
* Will be difficult for US to achieve the $4 billion core earnings objective we
have set for 2016"
* Assets under management and administration of $935 billion at December 31,
2015, increase of $244 billion compared with 2014
* Jh long-term care 4q15 sales of US$8 million were $6 million lower than 4q14
* Expect that some macroeconomic headwinds and energy price volatility will
persist"
* Unless energy prices strengthen, it will be difficult to achieve the $4
billion core earnings objective have set for 2016

* Source text for Eikon ID:nCNW990RVa

* Further company coverage MFC.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.