TORONTO — Manulife Financial Corp. reported a profit increase last quarter that was driven by growth in Asia, while the company says it's also seeing a boost from its push into artificial intelligence.
The company's operations in Asia saw net income rise almost tenfold to $606 million from $63 million last year. Core, or adjusted, earnings from the region were up 17 per cent. The scripts helped lead to a five per cent boost in repurchasing rates, said Gori, with plans to extend it to other markets before the end of the year.
"These encompass all areas of our business and are being ambitiously scaled to maximize business value," he said.
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