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Currency Events, Insurance Information

Big boys making big noise

Big 3

Top three insurers post strong Q3 results
Romina Maurino

Toronto – Canada’s three top insurance companies have reported strong third-quarter earnings, boosted by higher sales and good investment performance.

Manulife Financial Corp.’s earnings topped $1 billion and reversed a year-ago loss of $211million, results which chief executive Donald Guloien attributed in part to rising sales.

Manulife_Financial

The results came a day after rival Sun Life Financial Inc. reported a loss of $520 million in its latest quarter, compared with a year-earlier profit of $388 million as it wrote down and closed the sale of its U.S. annuity business.

sunlife

Great-West Lifeco Inc., meanwhile, said on Thursday it earned $523 million , or 52 cents per share, for the quarter ended Sept. 30 as it closed its acquisition of Irish Life Group Ltd.

gwlKitchener Record – Friday Nov. 8 2013

If you would like to learn more about any one of these companies, please contact me today.

 

Tyler Brown
Financial Security Advisor
Life Insurance Broker
tylerb@riskman.ca (519) 212-9859 @tbrown_101

Office: (519) 648-9580
Fax: (519) 489-2740
http://www.riskman.ca
244 Woolwich St. South, Unit #1 ~ P.O. Box 261 Breslau, ON ~ N0B 1M0

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