Canada's Manulife jumps after higher Q4 profit

Manulife Financial

20/02/2025 15:22

** Canadian insurer Manulife Financial's  MFC.TO  shares
rise 7% to C$45.29 
    ** MFC on Wednesday after market close posted higher
fourth-quarter profit, bolstered by a thriving wealth and asset
management business and strong growth in Asia
    ** Core earnings from Asia jumped 16% to C$477 million 
($336.18 million), while global wealth and asset management
reported a 34% jump to C$481 million
    ** Total core earnings rose 6% to C$1.91 billion, or C$1.03
per share, in the three months ended December 31
    ** Analysts had expected a profit of nearly 95 Canadian
cents per share, according to estimates compiled by LSEG 
    ** MFC shares have gained ~3% YTD, including session's move


($1 = 1.4189 Canadian dollars)

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))