Manulife, Canada’s biggest insurance company, is on track to surpass its earnings target in Asia, thanks to the launch of several innovative products that have been lapped up by wealthy customers and mainland visitors buying policies in Hong Kong, according to a top executive.
The Toronto-based insurer’s third-quarter results released last week showed a 17 per cent increase in core earnings – profits generated from its primary business activities – in Asia. The region was also the largest profit contributor, accounting for 44 per cent of the group’s total earnings. This was up from 37 per cent last year and approaching its target of 50 per cent from Asia by 2027.
“We are making tangible progress towards our target of 50 per…
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