Manulife Financial Corp.’s blockbuster merger with John Hancock Financial Services Inc. has helped the Toronto-based life insurer post record second quarter earnings.Reporting after the markets closed Thursday, Manulife said net income jumped 71% to $660 million or 93¢ a share for three months ended June 30 vs $386 million (83¢) a year ago.The profit figure […]
$20.8 billion in Canadian securities purchased in April
300 Halifax employees to join CGI
Matthews leaving to join Standard Life
New program provides current estimate of retirement income
Executive position relocated to Waterloo offices
Maritime Life subsidiary rating upgraded
Dominion Bond Rating Service Ltd. is upgrading its credit ratings on Maritime Life and John Hancock Financial Services Inc., following their acquisition by Manulife Financial Corp.The ratings were placed “Under Review with Positive Implications” on Sept. 29, 2003. DBRS says that the transaction is viewed as positive for Maritime Life’s debtholders, as Maritime Life will […]
Manulife now largest life insurance company in Canada
Rising loonie curbs revenues