Canadian insurers Manulife Financial (NYSE:MFC) and Sun Life Financial (NYSE:SLF) beat quarterly profit expectations in the fourth quarter.
Strong Asset Management GrowthResults were boosted by strong growth in their asset management units.
The wealth and asset management business of Manulife and Sun Life has surged during the pandemic, helping to offset the impact of claims related to the COVID-19 pandemic. However, Sun Life warned that the spread of the Omicron variant will have an impact on the next quarter earnings.
Manulife EarningsManulife’s 27% increase in earnings in the global wealth ...
Read The Full Article On StreetSignals.com
Get the latest stock market news on StreetSignals . Follow public companies and get free stock research reports and stock market analysis data and stock tips.
All content provided by StreetSignals is subject to our Terms Of Use and Disclaimer .
For further details see:
Manulife, Sun Life Q4 Profits Grow Thanks to Asset Management Growth