Here are the key highlights from the Q1 earnings reports from CI Financial, Fiera Capital and Manulife Financial Corporation.

CI reported net income of $116.6 million, compared to $144.5 million in the first quarter of 2015, a drop of 19%.

CI’s board of directors declared a 5% increase in the monthly cash dividend to $0.115 per share, payable on each of June 15, July 15, and August 15, 2016 to shareholders of record on May 31, June 30 and July 31, 2016, respectively. The monthly dividend represents a yield of 5.1% on CI’s closing share price of $26.85 on May 4, 2016.

Fiera’s Q1 highlights:

  • 8% year-over-year growth in AUM
  • 13% year-over-year growth in base management fees
  • Adjusted net earnings per share of $0.30 (including one-time net gain on asset sales of $0.10 per share) compared to $0.21 in first quarter 2015

Manulife saw net income rise 45%. Other highlights:

  • Core earnings of $905 million, up $108 million or 14% from 1Q15
  • Insurance sales of $954 million, an increase of 14% compared with 1Q15
  • Generated net flows of $1.7 billion in wealth and asset management businesses, compared with $6.6 billion in 1Q15 and gross flows of $28.2 billion increased 15% compared with 1Q15
  • Core EBITDA from WAM businesses of $285 million, down 4% from 1Q15
  • Generated new business value of $287 million in 1Q16, up 70% from 1Q15
  • Total assets under management and administration (AUMA) of $904 billion as at March 31, 2016