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Manulife Financial CEO Donald Guloien
Manulife Financial CEO Donald Guloien
(ADRIEN VECZAN/REUTERS)

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At Manulife, the focus shifts from capital levels to sales growth

It was once hard to believe Manulife Financial Corp. would ever escape the capital troubles that haunted it through the financial crisis.

But when Canada’s largest insurer reported its fourth-quarter results on Thursday, it seemed a pivotal moment for the company: more attention was being paid to sales growth than capital concerns.