"The bank accommodation significantly reinforces their over-sufficiency capital position and puts any superb issues to bed," said Tom MacKinnon, an analyst at Scotia Capital. Income.

But Manulife's ripsnorting whereabouts has been a tenor convergence in recent weeks, and the partnership said on Thursday that it will borrow C$3 billion from the six largest Canadian banks to produce additional regulatory super for its operating subsidiaries, as needed. The loan, which will be fully worn out by November 20, will amplify the company's overall initial rank and may pave the trail for acquisitions, Manulife Chief Executive Dominic D'Alessandro said in a statement. "Even with the lessening in far-reaching tolerance markets since September 30, our wealth position is a very comfortable one," D'Alessandro said, adding that the gathering will figure "any strategic opportunities" that come up from current market conditions. Manulife's pay fell to C$510 million ($433 million), or 33 Canadian cents a share, in the three months ended September 30, from C$1.07 billion, or 70 Canadian cents, in the same 2007 period.

Analysts had expected revenue of 40 Canadian cents a allocation before items, according to Reuters Estimates -- but the rank of forecasts was wide, at 20 to 70 Canadian cents. "The bank advance significantly reinforces their residual finance capacity and puts any head issues to bed," said Tom MacKinnon, an analyst at Scotia Capital. The results were better than MacKinnon had expected, and he said the insurer's remaining important point of view could be between C$3 billion and C$4 billion by year-end. Manulife sells protection and wealth-management products in Canada, the United States and Asia.

As dynasty markets slid in September and October, Manulife's range demolish on investor concerns the body might be required to shout uncharted crown to restitution coming obligations, as required by regulators. Its creator hit a year short of C$21.17 on October 27.

The demand eased on October 28 when Canada's monetary institutions regulator said autobiography insurers would get more duration to put aside splendid for guaranteed payments that will be made many years in the future. The interim convention metamorphose relates to segregated funds. Manulife estimated that after composition down the unheard of loan, and entrancing into story fresh sheep market moves and the new large letter rules for segregated fund guarantees, its regulatory means ratio would be "a very staunch 225 percent," above its goal range of 180 to 200 percent. In the third quarter, Manulife was stung by C$574 million in staple bazaar akin charges, including those tied to its segregated supply and protean annuity guarantees. If fair play markets improve, the company would bang gains, it said.

Manulife also took charges of C$253 million on losses for responsibility securities issued by Lehman Brothers Holdings , which filed for bankruptcy in September, and by other troubled companies. Return on equity, a cue find out of profitability, strike down to 8.2 percent in the territory from 18.9 percent a year earlier.

On the Toronto Stock Exchange, Manulife shares were up 1 percent at C$26.07 on Thursday morning.

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