Manulife profit beats on strength in Asia unit

(Reuters) – Canada’s largest insurer insurer Manulife Financial Corp on Wednesday edged past estimates for second-quarter profit, helped by strength in Asia unit, its biggest. Insurers in Canada have been increasingly pivoting toward Asia for growth, looking to sell to the region’s middle class as domestic markets face stiff competition. Continue Reading

Manulife beats profit, boosted by strength in domestic, U.S. unit

(Reuters) – Canada’s largest insurer Manulife Financial Corp on Wednesday edged past estimates for second-quarter profit, helped by growth in its domestic and U.S. business. The company’s total annualized premium equivalent (APE) sales rose 9.2% to C$1.36 billion. Canada APE sales jumped 46% to C$290 million, while in the United Continue Reading