Manulife explains peaks and troughs of latest financials

“In fact, on a year to date basis, our Canada and US segments delivered double digit [new business value] growth, driven by higher sales and improve margins,” Gori added.

Canada delivered core earnings growth of 8.5% in Q2 2022, CA$345 million compared to CA$314 million in the same period last year. Gori said this growth primarily reflected favorable experience gains in individual insurance and annuities, and higher enforced earnings in their insurance businesses.

Canada’s annual premium equivalent (APE) sales rose 32% to CA$361 million compared to CA$271 million in Q2 2021, primarily driven by higher large-case group insurance and individual

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