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 M BManulifeb Financial UNIFOR Local 112 2011-2025

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during the financial crisis Canadian insurers and financial companies lost far less than their US and European counterpart Canada's biggest insurer Manulife wrote down about 2.6 billion in credit losses since 2007 a fraction of the almost 250 billion in insurer writedowns worldwide and to preserve capital the company the largest in North America by market cap cut its quarterly dividend for the first time in August joining us to discuss the company's future plans and his outlook for the industry is CEO Donald go loin welcome to you welcome Lori so based on what you're seeing in your business characterize the economy what stage of recovery do you think we are in right now I think we're mid stage we're not anticipating a v-shaped recovery you know we think it'll be a long slow build but the positive signs are certainly there I must can I correct you on one thing no of course you said credit losses and I'm very protective of that horse the only significant losses Manulife suffered were gua

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