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
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