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BRIEF-Manulife Financial Reports Quarterly Diluted Earnings Per Common Share Of $1.04

Published 2020-11-11, 05:57 p/m
Updated 2020-11-11, 06:00 p/m
© Reuters.

Nov 11 (Reuters) - Manulife Financial Corp MFC.TO :

* Q3 ANNUALIZED PREMIUM EQUIVALENT SALES FELL 2 PERCENT TO C$1.4 BILLION

* MANULIFE REPORTS 3Q20 NET INCOME OF $2.1 BILLION, CORE EARNINGS OF $1.5 BILLION, APE SALES OF $1.4 BILLION, AND A STRONG LICAT CAPITAL RATIO OF 155%

* QTRLY DILUTED EARNINGS PER COMMON SHARE $1.04

* CORE ROE OF 11.4% AND ROE OF 16.4% IN 3Q20

* QTRLY DILUTED CORE EARNINGS PER COMMON SHARE $0.73

* NEW BUSINESS VALUE OF $460 MILLION IN 3Q20, A DECREASE OF 14% COMPARED WITH 3Q19

* Q3 EARNINGS PER SHARE VIEW C$0.70 -- REFINITIV IBES DATA

* REPORTED GLOBAL WEALTH AND ASSET MANAGEMENT NET OUTFLOWS OF $2.2 BILLION IN 3Q20, COMPARED WITH 3Q19 NET OUTFLOWS OF $4.4 BILLION

* QUARTER-END GLOBAL WEALTH AND ASSET MANAGEMENT ASSETS UNDER MANAGEMENT AND ADMINISTRATION$715.4 BILLION

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