Manulife Financial ( (MFC) ) has released its Q1 earnings. Here is a breakdown of the information Manulife Financial presented to its investors.
Manulife Financial Corporation is a leading international financial services group providing insurance and wealth management solutions, with a strong presence in Asia, Canada, and the United States.
In its first quarter of 2025, Manulife reported record insurance new business results and steady growth in book value per common share, despite a slight decrease in core earnings and net income compared to the previous year.
Key financial metrics included core earnings of $1.8 billion, a slight decrease from the previous year, and net income attributed to shareholders of $0.5 billion, down by $0.4 billion. The company saw significant growth in new business value, particularly in Asia, with a 43% increase year-over-year. However, Global Wealth and Asset Management net inflows decreased significantly from the previous year.
Strategically, Manulife launched new digital retirement plans in the U.S., renewed a bancassurance partnership in the Philippines, and completed a reinsurance transaction to optimize its portfolio. These initiatives reflect the company’s focus on growth and innovation.
Looking ahead, Manulife’s management remains confident in navigating economic challenges and capitalizing on growth opportunities, supported by a robust balance sheet and strategic priorities.