Manulife Posts Solid 2Q Earnings Boosted by Capital Market Tailwinds
No-moat Manulife posted solid second-quarter 2017 performance, with net income attributed to shareholders of $1,255 million and return on common shareholders’ equity of 12.4%. That said, Manulife is a life insurer that currently benefits from strong performance tailwinds in the capital markets. Core earnings rose 41% from second-quarter 2016 and nearly 7% from the prior quarter ($1,174 million). This led to core return on equity of 11.5%, slightly above our cost of equity estimate, as was the ca...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.
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