Manulife financial reports q2 sales fell 15% to c$1.2 billion

Manulife reports 2q20 net income of $0.7 billion, core earnings of $1.6 billion, a strong licat capital ratio of 155%, and an expense efficiency ratio of 48.9%.q2 sales fell 15 percent to c$1.2 billion.core roe of 12.2% and roe of 5.5% in 2q20.qtrly diluted core earnings per common share $0.78.quarter-end wealth and asset management assets under management and administration $696.9 billion.reported global wealth and asset management net inflows of $5.1 billion in 2q20, compared with neutral net flows in 2q19.annualized premium equivalent ("ape") sales of $1.2 billion in 2q20, a decrease of 15% compared with 2q19.estimate a q3 post-tax charge of about $200 million for annual review of actuarial methods and assumptions.qtrly diluted earnings per common share $0.35.q2 earnings per share view c$0.62 -- refinitiv ibes data.
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