Great-West Lifeco reports fourth quarter 2011 results
Great-West Lifeco reports fourth quarter 2011 results
Weak sales, writedown knock Manulife to loss
(Reuters) - Weaker insurance sales and a big writedown at it U.S. operation dropped Manulife Financial to a quarterly loss, Canada's biggest life insurer said on Thursday. The company, the first Canadian life insurer to report year-end results, also said that its chief financial officer, Michael Bell, would step down once a replacement can be found. Manulife lost C$69 million ($69 million), or 5 ...
Canadian insurers face another tough quarter
TORONTO (Reuters) - Canadian life insurers are preparing to report another gloomy set of quarterly results due to unfavorable markets and writedowns, and analysts say it is still not time to buy their shares despite sky-high dividends and cheap valuations. Three of the country's four largest insurers are expected to report losses for the fourth quarter, including sector heavyweight Manulife ...
Little to bank on with insurance industry stocks, analysts predict
Euro zone crisis, falling interest rates continue to undermine near-term performance
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