Manulife Q4 net income $5.6 billionChristian Fernsby ▼ | February 13, 2020
Manulife announced its 4Q19 results.
Manulife Reported net income attributed to shareholders was $5.6 billion in 2019
The $0.8 billion increase in net income attributed to shareholders in 2019 compared with 2018 was due to growth in core earnings of $0.4 billion, the non recurrence of a 2018 restructuring charge, and higher investment related experience gains.
The direct impact of markets was a charge of $0.8 billion in 2019 and a charge of $0.9 billion in 2018 the 2019 amount included a $0.5 billion charge related to updated Ultimate Reinvestment Rate assumptions issued by the Canadian Actuarial Standards Board.
Achieved core earnings of $6.0 billion in 2019, an increase of 5% compared with 2018, and $1.5 billion in 4Q19, an increase of 10% compared with 4Q18. ■