Manulife Financial said on Monday it expects to generate more than C$22 billion ($16.11 billion) of cash by 2027, as the Canadian insurer laid out a plan...
TORONTO - Manulife Financial said on Monday it expects to generate more than C$22 billion of cash by 2027, as the Canadian insurer laid out a plan ahead of its investor day in Asia for cash generation in a higher interest-rate environment.
This year, the company signed a C$5.8-billion reinsurance deal with RGA Life and reinsured C$13 billion of its reserves with KKR & Co-backed Global Atlantic last year."We significantly strengthened the foundations of our company through organic and inorganic actions, while delivering superior financial results and an industry-leading total shareholder return," CEO Roy Gori said in a statement.
Sun Life's CEO, Kevin Strain, and Manulife's Gori, both held top roles in Asia before taking the top seats. More recently, both insurers sent their CFOs - Phil Witherington from Manulife and Manjit Singh from Sun Life- to lead the Asia operations.I Retired in My 50s: 5 Expenses You Should Eliminate Now If You Want To Do the Same
Cash Generation Investor Day Asia
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Close to half of recent Canadian immigrants can't meet financial needsImmigrants from South Asia tend to report greater financial strain than those from China or the United States, Statistics Canada data show.
Read more »
Financial Times Venture Unit Invests in Canadian Tech and Business News SiteThe Logic, a Canadian business and technology news publication, raised fresh money for expansion from a group of investors including the venture arm of the Financial Times Group.
Read more »
These famous Canadian ad slogans all came from one Canadian ad agencyIf you've ever thought Swiss Chalet was always so good for so little, you may recognize these other long-running Canadian ad slogans by agency Goodis, Goldberg, Soren.
Read more »
Fox, MacIntyre second-round leaders at RBC Canadian Open; Hughes low CanadianHAMILTON — It's falling on the shoulders of Mackenzie Hughes and seven other Canadians to keep the RBC Canadian Open title north of the border.
Read more »
Fox, MacIntyre second-round leaders at RBC Canadian Open; Hughes low CanadianHAMILTON — It's falling on the shoulders of Mackenzie Hughes and seven other Canadians to keep the RBC Canadian Open title north of the border.
Read more »
Fox, MacIntyre second-round leaders at RBC Canadian Open; Hughes low CanadianMackenzie Hughes is the low Canadian after he fired a 6-under 64 to rocket 30 spots up the leaderboard into a tie with David Skinns and others
Read more »