Manulife, Sun Life see 1st-qtr earnings decline; Asia COVID challenges weigh 94.1 Duke FM Plays the Legends of Country Lansing, MI


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By Nichola Saminather (Reuters) – Canada’s biggest life insurers, Manulife Financial and Sun Life Financial on Wednesday reported core earnings fell from a year ago as the COVID-19 pandemic took a toll on their Asian earnings, with Manulife also missing estimates. Manulife reported core earnings of C$1.5 billion ($1.15 billion), or 77 Canadian cents a share, in the three months ended March 31, down from C$1.6 billion, or 82 Canadian cents a share, a year earlier. Analysts had expected earnings to remain flat. Underlying profit at Sun Life was C$843 million, or C$1.44 a share, in the three months ended...