Page 5 - Roy Gori News Today

TORONTO - Manulife Financial Corp. has signed a reinsurance deal with Global Atlantic that it says will free up $1.2 billion in capital that it plans to use to buy back shares.

The deal will free up $1.2-billion in capital and allow the company to buy back up to approximately 2.8 per cent of common shares starting in February, 2024.

Manulife Financial Corp. has signed a reinsurance deal with Global Atlantic that it says will free up $1.2 billion in capital that it plans to use to buy back shares. The Toronto-based insurer says it is reinsuring $13 billion of reserves to Global Atlantic and its partners.

MANULIFE Financial Corp. saw core net income for the third quarter (Q3) soar by 28 percent to $1.7 billion on a constant exchange rate basis from $1.3 billion a year earlier.

TORONTO - Manulife Financial Corp. says its net income rose in the third quarter from last year, supported especially by business growth in Asia.

TORONTO - Manulife Financial Corp. says its net income rose in the third quarter from last year, supported especially by business growth in Asia.

Manulife’s core earnings up 33 per cent in Asia

A survey of North American equities heading in both directions

The quarter also saw net outflows, lower AUM

The quarter also saw net outflows, lower AUM