Manulife's Income Yield Vulnerable to Prospect of Looser Monetary Policy
No-moat Manulife had a rebound in the first quarter, with net income of CAD 2 billion, significantly exceeding fourth-quarter earnings of CAD 550 million. Core earnings, which excludes the impact of interest rates and equity market, was up 19% for the quarter and 15% year over year. On the positive side, sales growth in Asia was in the double-digits, new business value expanded across all segments, and the insurer’s expense efficiency ratio decreased 210 basis points to 49.9%. Although net incom...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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