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BRIEF-Manulife Q2 Sales Rose 7 Percent To C$1.4 Billion

Published 2019-08-07, 05:22 p/m
© Reuters. BRIEF-Manulife Q2 Sales Rose 7 Percent To C$1.4 Billion
MFC
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Aug 7 (Reuters) - Manulife Financial Corp MFC.TO :

* MANULIFE REPORTS 2Q19 NET INCOME AND CORE EARNINGS OF $1.5 BILLION

* Q2 SALES ROSE 7 PERCENT TO C$1.4 BILLION

* QTRLY DILUTED EARNINGS PER COMMON SHARE $0.73

* QTRLY CORE ROE 12.7% VERSUS 14.0%

* ACHIEVED NEW BUSINESS VALUE OF $479 MILLION IN 2Q19, AN INCREASE OF 14% COMPARED WITH 2Q18

* QTRLY DILUTED CORE EARNINGS PER COMMON SHARE $0.72

* REPORTED ANNUALIZED PREMIUM EQUIVALENT SALES OF $1.4 BILLION IN 2Q19, AN INCREASE OF 7% COMPARED WITH 2Q18

* REPORTED NEUTRAL GLOBAL WEALTH AND ASSET MANAGEMENT NET FLOWS IN 2Q19 COMPARED WITH POSITIVE NET FLOWS OF $0.1 BILLION IN 2Q18

* AT QUARTER-END, WEALTH AND ASSET MANAGEMENT ASSETS UNDER MANAGEMENT AND ADMINISTRATION WERE $653.1 BILLION VERSUS $639.9 BILLION

* Q2 EARNINGS PER SHARE VIEW C$0.71 -- REFINITIV IBES DATA

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