Man­ulife Q3 earn­ings get Asia boost

The Welland Tribune - - Business -

TORONTO — Two of Canada’s big­gest in­sur­ers de­liv­ered thirdquar­ter earn­ings that beat ex­pec­ta­tions but while Man­ulife Fi­nan­cial Corp. got a boost from its Asia busi­ness, the re­gion weighed down re­sults for Sun Life Fi­nan­cial Corp. Man­ulife’s profit for the quar­ter that ended Sept. 30 surged 42 per cent to $1.57 bil­lion com­pared to the ear­lier year pe­riod, helped by a roughly 22 per cent in­crease in core earn­ings in Asia that helped off­set a drop in net in­come at home.

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