Core earnings from insurance, wealth management rise
Firm announced this week it's being acquired by iA Financial Corp in a $597M deal
Insurer had $1.3 billion in gross seg fund sales
Blocks include over 115,000 policies worth more than US$100 million in premiums
Also, Michael L. Stickney will retire from the executive committee
Deal includes 16,000 accounts, $2 billion in assets, 30 advisors
Earnings hurt by declining property values, rising credit losses
Earnings per share were $2.46, up from $1.71 a year earlier
Growth in wealth management and Canadian insurance activities led to the gain
Plus, new leadership at Women in Capital Markets and a new executive at Horizons