| 1. | All businesses showed excellent earnings growth driven by strong sales of 401 pension and variable annuity and life products
在401 k退休金与变额年金及人寿产品销售凌厉的带动下，全线业务均取得卓越的盈利增长。 |
| 2. | Variable annuities benefited from the positive response to the new venture iii product and continued strong demand in the new york market
变额年金则受惠于市场对新产品venture iii的热烈反应，以及纽约市场持续的殷切需求。 |
| 3. | The largest income impact from the equity markets decline was in the variable annuity business , which reported lower margins and higher actuarial reserves
受股市下挫影响最大的变额年金业务的收入，其边际溢利下跌，而精算储备则上升。 |
| 4. | Also contributing to the earnings growth were strong sales of 401 pension , variable annuity and universal life insurance products over the last 12 months
盈利录得增长亦有赖过去一年401 k退休金变额年金及灵活人寿保险产品销售强劲所致。 |
| 5. | During the quarter , the company entered into an agreement with scudder investments to offer manulife s variable annuity products through scudder s distribution network
季内，公司与scudder investments签订协议，透过scudder的分销网络销售宏利的变额年金产品。 |
| 6. | Still , variable annuity deposits increased by 16 per cent over the first quarter of 2001 , reflecting customers demand for riders and strong growth in the state of new york
而变额年金存款仍较二零零一年首季增加百分之十六，反映客户对附加保障需求殷切，以及纽约州的强劲销售增长。 |
| 7. | While premiums and deposits of insurance and 401 products were slightly above the prior year , volatile equity markets continued to depress the volume of new variable annuity deposits
尽管保险产品与401 k退休金产品的保费及存款较去年轻微增加，但因股市表现反覆，导致变额年金的新存款额持续下跌。 |
| 8. | Manulife s superior capabilities in variable annuity product development , technology and service combined with scudder s marketing strength create an opportunity to significantly expand sales
宏利在变额年金产品之发展技术及服务支援实力强大，配合scudder在市务推广方面的优势，大大增加销售良机。 |
| 9. | Increased sales of 401 pension products , due to the continued penetration of the broker dealer market , were offset by lower variable annuity sales as a result of the volatile equity markets during the quarter
401 k退休金产品销量因持续渗透经纪市场而增加，但因股市于季内表现反覆导致变额年金销量下跌而抵销。 |
| 10. | In wealth management operations , strong mandatory provident fund sales in asia were offset by lower variable annuity and pension sales in the u . s . and individual wealth management and pension products in canada
理财业务方面，亚洲区的强积金销售表现过人，但为美国的变额年金和退休金产品，以及加拿大的个人理财和退休产品滞销所抵销。 |
