Ratings based on strength of Manulife, John Hancock
Voluntary program targets shareholders owning fewer than 100 shares
Profit lifted by John Hancock unit
Outlook remains unchanged
Covers operations at Maritime Life subsidiary
Subsidiaries upgraded to core status
Combination effective December 30
Insurer issues $1.5 billion in debt and preferred stock
Manulife Financial Corp. today report a big jump in third quarter profit due to part to the acquisition of John Hancock Financial Services.Net income for the quarter ended September 30 rose 81% to $717 million or 88¢ a share, up from $396 million, or 85¢ a share, a year earlier.Manulife said John Hancock, which it […]
Streamlined operations will strengthen branding