NU Online News Service, April 24, 2003, 5:29 p.m. EDT – Manulife Financial Corp., Toronto, is reporting the equivalent of $228 million in net income for the first quarter on $2.9 billion in revenue, up from $210 million in net income on $2.5 billion in revenue for the first quarter of 2002.
The company's U.S. operations generated $73 million in net income for the latest quarter on $3.2 billion in premiums and deposits, compared with $74 million in net income on $2.7 billion in premiums and deposits for the first quarter of 2002.