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Stock impact report

Manulife Shares Gain Most in a Year as Earnings Beat Estimates [Yahoo! Finance Canada]

Reinsurance Group of America, Incorporated (RGA) 
Last reinsurance group of america, incorporated earnings: 1/28 04:15 pm Check Earnings Report
gain in a year after the company beat expectations in the fourth quarter, capping off a year of strong growth. Most Read from Bloomberg The Toronto-based insurance firm reported core earnings of C$1.03 per share in the fourth quarter, higher than the 94 Canadian cents predicted by analysts in a Bloomberg survey. Manulife also announced it would repurchase about 52 million shares, or 3% of shares outstanding, and raised the quarterly dividend by 10% to 44 Canadian cents per share. The shares gained as much as 8.5% to C$45.93 in morning trading in Toronto. Growth was driven by the Asia and global wealth asset management segments, which each delivered double-digit gains from a year ago. That performance “blew past our expectations, and help build our confidence that Manulife can meet its new medium-term objectives,” Meny Grauman, analyst with Bank of Nova Scotia, wrote in a client note. Overall, the firm reported C$7.2 billion ($5.1 billion) in core earnings for the year, up 8% Show less Read more
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