Manulife Financial Corp
MFC: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| >> | LOCK|V@ | LOCK|tMtK@SH |
Manulife Earnings: Headwinds From Canada Continued, Risk Transfer Deal Announced
Manulife reported overall okay results for the second quarter, with adjusted earnings per share up 16% year over year. Along with earnings, the firm announced a CAD $3.2 billion risk transfer deal with Munich Re covering a block of its US long-term care products.
