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BRIEF-Manulife QTRLY Diluted Earnings Per Common Share $1.08

Published 2019-05-01, 05:22 p/m
© Reuters. BRIEF-Manulife QTRLY Diluted Earnings Per Common Share $1.08
MFC
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May 1 (Reuters) - Manulife Financial Corp MFC.TO :

* MANULIFE REPORTS 1Q19 NET INCOME OF $2.2 BILLION AND CORE EARNINGS OF $1.5 BILLION WITH STRONG GROWTH IN ASIA

* Q1 SALES ROSE 23 PERCENT TO C$1.7 BILLION

* QTRLY DILUTED EARNINGS PER COMMON SHARE $1.08

* QTRLY DILUTED CORE EARNINGS PER COMMON SHARE $0.76

* QTRLY RETURN ON COMMON SHAREHOLDERS' EQUITY ("ROE") 20.1% VERSUS 14.1%

* MANULIFE FINANCIAL - REPORTED NEGATIVE GLOBAL WEALTH AND ASSET MANAGEMENT NET FLOWS OF $1.3 BILLION IN 1Q19 COMPARED WITH POSITIVE NET FLOWS OF $10.0 BILLION IN 1Q18

* REPORTED ANNUALIZED PREMIUM EQUIVALENT ("APE") SALES OF $1.7 BILLION IN 1Q19, AN INCREASE OF 23% COMPARED WITH 1Q18

* QTRLY WEALTH AND ASSET MANAGEMENT ASSETS UNDER MANAGEMENT AND ADMINISTRATION $648.1 BILLION VERSUS $626.8 BILLION

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