Jonathan Got

3 days ago | investmentexecutive.com | Jonathan Got

Tips on what’s covered and best practices from the International Financial Brokers of Canada summit By: Jonathan Got May 12, 2025 13:55 Jonathan Got As Canada’s investment regulatory environment grows stricter, advisors need to follow basic best practices to protect themselves, and understand what’s covered by their errors and omissions (E&O) insurance, Amanda Calder, a claims manager with Axis Capital in Toronto, said at the International Financial Brokers of Canada summit Thursday. Tips...

6 days ago | investmentexecutive.com | Jonathan Got

Underlying net income in Canada was $376 million By: Jonathan Got May 9, 2025 12:08 Jonathan Got Sun Life reported an underlying net income of $1.045 billion in the first quarter of this year, up from $875 million in the same quarter last year. The insurer attributed the 19% increase to higher fee-related income in asset management and wealth, and business growth and favourable mortality experience in group and individual protection, among other factors. As of March 31, the insurer had $1.55...

1 week ago | investmentexecutive.com | Jonathan Got

The Canadian insurance segment delivered $100 million in core earnings for the quarter, up from $92 million in the same period last year. The 9% increase was driven by the favourable impact of new insurance business from employee plans, good performance from dealer services and distribution activities and lower claims in auto and home, among other factors. Wealth management core earnings for the quarter were $106 million, up from $95 million a year ago.

1 week ago | investmentexecutive.com | Jonathan Got

Canadian operations earned $374 million, a 3% increase from last year’s first quarter By: Jonathan Got May 8, 2025 12:14 Jonathan Got Manulife’s core earnings fell 1% year on year to $1.8 billion in the first quarter of 2025, according to the insurer’s quarterly report released Wednesday. The slight decrease in core earnings on a constant exchange rate basis was partially attributed to strengthened provisions related to expected credit loss of $45 million after tax in the first quarter of...

1 week ago | investmentexecutive.com | Jonathan Got

Great-West Life had $2.55 trillion in assets under management and administration as of March 31, up from $2.23 trillion at the same time last year. In a release, president and CEO Paul Mahon said the company experienced strong base earnings growth in its U.S. retirement and wealth businesses. Overall, Great-West saw base earnings rise 5% as growth in its U.S. segment outpaced drops in its Canada, Europe, capital markets and risk solutions and corporate segments.