Wednesday, October 29, 2008
Equity Market Will Dictate Whether Manulife Bolsters Capital Ratios
The current state of equity markets suggests Manulife Financial Corp.will likely consider ways to strengthen its capital ratios, according to Andre-Philippe Hardy at RBC Capital Markets. This could include the reinsurance of some risks on its books, a thorough review of its actuarial liabilities to look for overly conservative reserves, the sale of non-core businesses, or the issue of capital, the analyst told clients. Equity, debt, preferred shares or hybrid capital were listed as options.
Equity Market Will Dictate Whether Manulife Bolsters Capital Ratios
Source: Seeking Alpha
Equity Market Will Dictate Whether Manulife Bolsters Capital Ratios
Source: Seeking Alpha