MFC just reported a fourth-quarter loss of $1.87 billion as they took a pounding because of their exposure to the stock market. The Manulife One and Manulife Income Plus are products that were introduced in much different market conditions and they could cause MFC even more pain and suffering going forward. Good thing they also sell DI & CI as it could be a bumpy recovery for them! Best CEO in the business though too bad he is leaving...This quarterly loss is almost AIGish...
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