You really need to listen to the investor call. It's full of gems. Personally, they are overexposed to the market due to their VAs, period. Their URR assumption in their actuarial liability is still very high. The road ahead could still be VERY ugly for Manulife.
Gems:
-Fortress of capital is now 221%
-Other "contingent" options other than issuing common equity
-Whining about CGAAP
Words never uttered by mortals flowed incessantly from its many mouths.
About Me
- p51dray
- I am a FSA with a BSc in actuarial science from SFU and a former PoMo IB slave who is working towards his FCAS; hence I must be a masochistic exam lover.
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