Home Breadcrumb caret Industry News Breadcrumb caret Industry Manulife reports strong Q1 earnings Core earnings rose to $1.55 billion, up from $1.3 billion a year ago By The Canadian Press | May 2, 2019 | Last updated on May 2, 2019 1 min read Manulife Financial Corp. says its earnings and sales surged in the first quarter as a result of strong growth in Asia. The Toronto-based insurer says its net income attributable to shareholders increased 59% to $2.18 billion or $1.08 per diluted share for the three months ended March 31, up from $1.37 billion or 67¢ per share a year earlier. Core earnings rose 15% to $1.55 billion or 76¢ per share, from $1.3 billion or 64 cents per share in the first quarter of 2018. The company was expected to earn 70¢ per share in core earnings, according to analysts polled by Thomson Reuters Eikon. Revenues grew to $23.5 billion from $8.75 billion in the prior year period. Manulife CEO Roy Gori says new business grew to $519 million, with double-digit increases across all operating segments. The Canadian Press The Canadian Press is a national news agency headquartered in Toronto and founded in 1917. Save Stroke 1 Print Group 8 Share LI logo