More on Manulife Q3 results

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

Manulife (NYSE:MFC) Q3 core EPS of C$0.75 sails past consensus estimate of C$0.51 and improves from C$0.53 a year ago, driven by solid growth in Asia, Global Wealth, and Asset Management.

Q3 ROE of 15.1% vs 10.8% Y/Y; core ROE of 14.8% vs. 10.6%.

Q3 insurance annualized premium equivalent sales of C$1.4B, up 8% Y/Y.

Q3 wealth and asset management net flows of C$0.4B vs. C$4.2B a year ago; notes higher redemptions in North American retail businesses and redemption of two large fixed-income mandates.

Total company  assets under management and administration of C$1.1T at Sept. 30, 2018, up 2% from Dec. 31, 2017.

Previously: Manulife Financial beats by C$0.08 (Nov. 7)

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