The Financial Post reports in its Thursday, Feb. 11, edition that Canada's biggest life insurer Manulife Financial on Wednesday reported a fourth quarter profit that was largely unchanged. A Reuters dispatch to the Post reports that Manulife reported core earnings of $1.47-billion or 74 cents a share in the three months through December. That compared with $1.47-billion or 73 cents a share a year earlier. Analysts had expected Manulife to earn 72 cents per share, according to figures compiled by Thomson Reuters. Manulife president and chief executive officer Roy Gori said in a statement: "Navigating the challenges presented by the pandemic, we achieved very solid operating results in 2020, illustrating the global strength and diversity of our business, our strong digital capabilities and the tremendous resilience of our team. Core earnings increased year-over-year across three of our four operating segments, Global WAM delivered net inflows of $8.9 billion, and our APE sales were down just 8 per cent compared to 2019."
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