Manulife Maintains Its Momentum in 1Q
Given market conditions, we think Manulife performed reasonably well in the first quarter. Annualized ROE was 14% for the quarter, maintaining the momentum the company saw in the back half of 2017. While we are encouraged by recent results, we see no reason to alter our long-term view, and will maintain our CAD 23 and $18.50 fair value estimates, and our moat rating of none.Looking across segments, Manulife saw solid increases in core earnings in Asia and Canada. The U.S. was a bit of a laggard...
Manulife Financial is a provider of financial protection and wealth management products and services, including individual life insurance, group life and health insurance, long-term care insurance, pension products, annuities and mutual funds to individual and group customers in Asia, Canada and the United States. Co. also provides investment management services with respect to Co.'s general fund assets, segregated fund assets, mutual funds, and to institutional customers. Co. also offers reinsurance services, specializing in property and aviation catastrophe risk reinsurance products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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