ZMFC's growth over the past few years is testament to how the company has repositioned it self. MFC has made acquisitions in prior years to grow its Asian line of business and expand its Canadian business. The Asian market is now contributing very positively to the overall growth of the company. MFC has also de-risked its portfolio over time which is another positive. We think that it is a good insurance name that has done well in repositioning itself and growing earnings, especially in recent years. MFC recently named the head of its Asian business as the new CEO, being appointed next year. Given the success in Asia, this could be another positive move for the stock. While we like SLF a bit better, MFC is in a much better position than it was 15 years ago due to its strategic realignment and success in new markets.
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