Transcription of News Release - manulife.com
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News Release - manulife.com
November 3, 2021 Press Release Reporting Third Quarter Results 1 News Release C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 November 3, 2021 Manulife reports 3Q21 net income of $ billion and core earnings of $ billion, double-digit new business value growth and strong net flows in Global Wealth and Asset Management with contributions across all business lines and geographies Today, Manulife announced its third quarter of 2021 ( 3Q21 ) results. Key highlights include: Net income attributed to shareholders of $ billion in 3Q21, down $476 million from the third quarter of 2020 ( 3Q20 ). 3Q21 results included strong investment gains that offset a $532 million charge from the previously announced Ultimate Reinvestment Rate ( URR ) reduction.
Company’s Third Quarter 2021 Report to Shareholders, including our unaudited Interim Consolidated Financial Statements for the three and nine months ended September 30, 2021, prepared in accordance with International Financial Reporting Standards (“IFRS”) as ... assumptions for U.S. life insurance, U.S. variable annuity assumptions ...
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