Earnings

Equitable Life reports record 2012 earnings Fallback Image Decorative pattern

Industry

Equitable Life reports record 2012 earnings

Despite low-interest rates and volatile equity markets, Equitable Life of Canada realized record earnings of $44.7 million, surpassing the previous high of $32.0 million in 2010. As a result, return on policyholders’ equity increased considerably to 13.5% in 2012. Read: Insurers pare product shelves Some of the factors that contributed to this strong performance include […]

By Staff |February 13, 2013

1 min read

Despite ECB promises, Eurozone risks persist Fallback Image Decorative pattern

Economic Indicators

Despite ECB promises, Eurozone risks persist

Last week’s accusations of Spanish government corruption and news of Italian election uncertainty should remind investors that despite last year’s European Central Bank assertion that it would do ‘whatever it takes’ to preserve the Euro, significant Eurozone risks remain just below the surface.

By David Andrews |February 11, 2013

4 min read

Manulife reports 2012 net income of $1.7 billion Fallback Image Decorative pattern

Industry

Manulife reports 2012 net income of $1.7 billion

Manulife Financial Corporation announced today net income attributed to shareholders of $1,057 million for Q4, accompanied by strong growth in insurance and wealth sales.

By Staff |February 7, 2013

1 min read

U.S. banks cut bonuses to beef up bottom line Fallback Image Decorative pattern

Economic Indicators

U.S. banks cut bonuses to beef up bottom line

Wall Street banks are fast learning that one way to protect, and indeed fatten, the bottom line in an environment not conducive to business growth is deny their senior management the annual bonus windfall. Goldman Sachs did just that in the fourth quarter, and lifted its profits to $2.8bn, their highest level in three years, […]

By Staff |January 17, 2013

1 min read