The use of different accounting rules is making the financial situation of Manulife, Sun Life and other firms quite unclear
Company to focus on savings and investment market
Act enhances the supervisory powers of the Financial Consumer Agency of Canada
Despite the weak earnings, financial flexibility remains strong, Moody’s says
Insurer is working with the government to expedite the final stages of the license approval
Low interest rates and higher market volatility mean future returns may differ greatly from today’s pricing assumptions
Earnings will face pressure
Results for insurers on both sides of the border should converge
The objective of these latest revisions is to adopt more appropriate risk-based guidance in several areas
‘Lower for longer’ interest rates scenario curbs demand for lifeco products, and reduces earnings, book value, and returns