Manulife Continues to Gain Ground in US Variable Annuities

Scotia Capital, 14 March 2006� U.S. variable annuity Q4/05 industry statistics were released late last week.� While Manulife continues to gain market share in terms of both sales and assets, the same cannot be said for Sun Life. Manulife's market share and positioning in variable annuity sales continues to climb, up from 5.6% to 6.0% QOQ, with market positioning increasing from #9 at the