all businesses showed excellent earnings growth driven by strong sales of 401 pension and variable annuity and life products 在401k退休金与变额年金及人寿产品销售凌厉的带动下,全线业务均取得卓越的盈利增长。
variable annuities benefited from the positive response to the new venture iii product and continued strong demand in the new york market 变额年金则受惠于市场对新产品ventureiii的热烈反应,以及纽约市场持续的殷切需求。
the largest income impact from the equity markets decline was in the variable annuity business, which reported lower margins and higher actuarial reserves 受股市下挫影响最大的变额年金业务的收入,其边际溢利下跌,而精算储备则上升。
also contributing to the earnings growth were strong sales of 401 pension, variable annuity and universal life insurance products over the last 12 months 盈利录得增长亦有赖过去一年401k退休金变额年金及灵活人寿保险产品销售强劲所致。
during the quarter, the company entered into an agreement with scudder investments to offer manulife s variable annuity products through scudder s distribution network 季内,公司与scudderinvestments签订协议,透过scudder的分销网络销售宏利的变额年金产品。
variable annuities meaning:[Finance] Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio.