More on Manulife results

|About: Manulife Financial Corpo... (MFC)|By:, SA News Editor

Q2 core income of $701M or $0.36 per share vs. $609M and $0.31 one year ago. Core ROE of 9.6% vs. 10%.

Insurance sales growth (excluding group benefits) up 10% Y/Y.

Wealth sales of $13.3B down 7%. Net flows of more than $6B.

Dividend boosted 19% to $0.155 per share. Target dividend payout ratio is 35%.

Previously: Manulife Financial EPS of C$0.36

MFC +0.5%