Manulife Financial Corp. reported second-quarter net income attributed to shareholders of C$1.48 billion, or 73 Canadian cents per common share, up from C$1.26 billion, or 61 cents per common share, in the year-ago period.
Core earnings grew year over year to C$1.45 billion, or 72 cents per common share, compared with C$1.43 billion, or 70 cents per common share, in the year-ago quarter.
The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was 71 cents.
The company logged annualized premium equivalent sales of C$1.4 billion, an increase of 7% compared with the second quarter of 2018.
Manulife's wealth and asset management assets under management and administration were C$653.1 million as of June 30, versus C$639.9 million a year ago.