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BRIEF-Manulife Financial Q2 Core Earnings Per Share $0.70

Published 2018-08-08, 05:07 p/m
© Reuters.  BRIEF-Manulife Financial Q2 Core Earnings Per Share $0.70
MFC
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Manulife Financial Corp MFC.TO :

* MANULIFE REPORTS 2Q18 NET INCOME OF $1.3 BILLION, AND CORE EARNINGS OF $1.4 BILLION WITH DOUBLE-DIGIT GROWTH ACROSS ALL OPERATING SEGMENTS

* Q2 CORE EARNINGS PER SHARE $0.70

* RECORDED A RESTRUCTURING CHARGE OF $200 MILLION IN 2Q18

* Q2 EARNINGS PER SHARE $0.61

* REPORTED ANNUALIZED PREMIUM EQUIVALENT SALES OF $1.2 BILLION IN Q2, DOWN 22%

* QTRLY CORE RETURN ON COMMON SHAREHOLDERS' OF 14.0%

* REPORTED GROSS FLOWS OF $29.1 BILLION IN Q2, DOWN 2%

* QTRLY PREMIUMS AND DEPOSITS FROM INSURANCE PRODUCTS $11,718 MILLION VERSUS $10,784 MILLION

* ASSETS UNDER MANAGEMENT AND ADMINISTRATION AT QUARTER END $1,118 BILLION VERSUS $1,098 BILLION AT Q1 END

* SETS QUARTERLY DIVIDEND OF $0.22PER SHARE

* Q2 EARNINGS PER SHARE VIEW C$0.65 -- THOMSON REUTERS I/B/E/S

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