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
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