MANULIFE FINL CORP
SymbolMFC

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Manulife Financial Corporation Reports Third Quarter Results

2009-11-05 09:01 ET - News Release

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    C$ unless otherwise stated

    TSX/NYSE/PSE: MFC     SEHK: 945

    -   Charges due to lower corporate bond yields and changes in actuarial
        assumptions offset strong operational results and gains due to equity
        market increases, resulting in a modest net loss for the quarter
    -   Margins improved through increased pricing, adjustments to sales
        compensation and more favourable reinsurance terms
    -   Strong sales growth across most products other than variable
        annuities generated a more balanced business mix
    -   Equity risk profile improved through hedging, pricing, product and
        asset mix changes
    -   Excellent credit experience given challenging markets - asset quality
        remains a competitive strength
    -   Two attractive acquisitions - AIC mutual funds and Pottruff & Smith
        travel insurance
    -   Equity markets, interest rates and credit will continue to impact the
        Company's balance sheet and earnings
    -   Focused on building to fortress capital levels over time - expect
        benefits from merging U.S. operating subsidiaries at the end of 2009
    >>

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