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Manulife Financial ( (TSE:MFC) ) has issued an update.
On February 19, 2025, Manulife Financial Corporation released an independent auditor’s report for the consolidated financial statements dated December 31, 2024, and 2023. The report affirms that the financial statements are in accordance with International Financial Reporting Standards (IFRS). Key audit matters highlighted include the valuation of insurance contract liabilities and the valuation of invested assets and derivatives with significant non-observable market inputs, both requiring considerable auditor judgment due to their complexity. The report’s findings help reinforce Manulife’s financial transparency and regulatory compliance, potentially boosting stakeholder confidence.
More about Manulife Financial
Manulife Financial Corporation is a leading international financial services group providing financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions. The company operates primarily in Canada, Asia, and the United States, focusing on helping customers manage their finances and secure their futures.
YTD Price Performance: -1.67%
Average Trading Volume: 2,026,724
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $52.56B
See more insights into MFC stock on TipRanks’ Stock Analysis page.
