View the video here on your mobile device. Manulife Financial says it had an $868-million profit in the fourth quarter, erasing the red ink that marked the Canadian life insurance giant’s results at the end of 2008 when it was hurt by weak equity markets. The latest quarter included net income equal to 51 cents [...]
View the video here on your mobile device. Great-West Lifeco reported a fourth-quarter profit of $443 million as sales in its key Canadian market improved. The Winnipeg-based insurance company’s profit attributable to common shareholders for the quarter ended December 31 amounted to 47 cents per diluted share, compared with a loss of $907 million, or [...]
View the video here on your mobile device. The Canada Pension Plan Fund reported assets of $123.9 billion at the end of its third quarter, as it recovered from a fall to $108.9 billion a year earlier when plummeting stock markets caused an investment loss of 6.7 per cent. The fund said it generated $2.2 [...]
View the video here on your mobile device. Industrial Alliance Insurance and Financial Services says it earned record net income of $67.4 million or 83 cents per share in the fourth quarter, reversing a year-earlier loss. Revenue for the quarter was $1.4 billion, compared with $1 billion a year earlier, when Industrial Alliance saw a [...]
View the video here on your mobile device. Sun Life Financial has more than doubled its fourth-quarter profit, thanks to resurgent Canadian operations. The major insurance company’s overall net income rose to $296 million or 52 cents per diluted share. That’s up from $129 million or 23 cents a share in the fourth quarter of [...]
View the video here on your mobile device. Property and casualty insurer Allstate said it was profitable in the fourth-quarter, reversing a steep year-ago loss, as it staunched hemorrhaging in its investment portfolio. For the final three months of last year, the company based in Northbrook, Illinois, earned $518 million, or 96 cents per share. [...]
View the video here on your mobile device. The Chubb Corporation reported that net income in the fourth quarter of 2009 was $695 million or $2.03 per share, compared to $407 million or $1.13 per share in the fourth quarter of 2008. Operating income, which the company defines as net income excluding after-tax realized investment [...]
View the video here on your mobile device. Aon Corporation today reported results for the fourth quarter and full year ended December 31, 2009. Total revenue for the fourth quarter increased 9 percent to $2.1 billion due to a 6 percent increase from foreign currency translation and a 5 percent increase from acquisitions, primarily Benfield, [...]
View the video here on your mobile device. General Electric Co’s fourth-quarter net income fell 19 per cent, hurt by lower profits on products like jet engines and continuing troubles in commercial real estate lending. Still, GE showed some signs of stability in the final months of the year. The drop in profit was smaller [...]
View the video here on your mobile device. Manitoba Public Insurance reported favourable financial results as it enters the final quarter of the fiscal year, the time when winter driving weather conditions traditionally result in a greater number of claims. Donald Palmer, MPI’s Vice-President of Finance and Chief Financial Officer said that after three quarters [...]
