The earnings call highlighted strong growth in APE sales, positive net flows in Global WAM, and a strategic acquisition. However, it also noted challenges such as unfavorable U.S. mortality experience and elevated credit loss provisions. The sentiment is balanced with optimism for future growth and strategic alignment.

Company Guidance -

Q3 2025

During the Manulife Financial second quarter 2025 earnings call, several key metrics and strategic updates were highlighted. The company announced its acquisition of a 75% stake in Comvest Credit Partners for USD 937.5 million, which is expected to be immediately accretive to core earnings per share (EPS), core return on equity (ROE), and core EBITDA margin. The acquisition will scale Manulife's private markets business, enhancing its private credit capabilities with Comvest's USD 14.7 billion platform. Manulife's LICAT ratio is expected to decrease by less than 3 percentage points due to the acquisition but remains strong at 136%. The second quarter results showed continued top-line growth, with insurance segments generating over 30% growth in new business contractual service margin (CSM) and 2% growth in core EPS from the previous year. However, profitability was affected by elevated U.S. mortality and a provision in expected credit loss, with core EPS growth normalizing to 7% when excluding the latter. The U.S. business saw a 40% increase in annual premium equivalent (APE) sales despite core earnings decreasing due to unfavorable mortality experience and lower investment spreads. Overall, Manulife remains confident in achieving its 2027 targets, including an 18%+ ROE, supported by strong underlying business growth and strategic capital deployment.

Strong Business Growth

APE sales increased 15% from the prior year with more than 30% growth in both Asia and the U.S. Strong sales supported significant growth in value metrics with 37% growth in new business CSM and 20% growth in new business value.

Positive Net Flows in Global WAM

Global WAM delivered positive net flows of nearly $1 billion, demonstrating the strength of its diversified platform.

Acquisition of Comvest Credit Partners

Manulife announced the acquisition of a 75% stake in Comvest Credit Partners for USD 937.5 million, expected to be immediately accretive to core EPS, core ROE, and core EBITDA margin.

Strong Capital Position

The LICAT capital ratio remained strong at 136% and the financial leverage ratio was 23.6%, continuing to stay well below the 25% medium-term target.

Continued Growth in Asia

Asia's APE increased 31% from the prior year, with substantial growth in Hong Kong, Mainland China, and Singapore.

Manulife Financial (MFC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MFC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	0.76 / -	0.724	―	―	―
Aug 06, 2025	2025 (Q2)	0.70 / 0.69	0.659	4.40% (+0.03)
May 07, 2025	2025 (Q1)	0.71 / 0.72	0.681	5.32% (+0.04)
Feb 19, 2025	2024 (Q4)	0.68 / 0.75	0.666	11.96% (+0.08)
Nov 06, 2024	2024 (Q3)	0.68 / 0.72	0.666	8.70% (+0.06)
Aug 07, 2024	2024 (Q2)	0.64 / 0.66	0.601	9.64% (+0.06)
May 08, 2024	2024 (Q1)	0.66 / 0.68	0.572	18.99% (+0.11)
Feb 14, 2024	2023 (Q4)	0.62 / 0.67	0.637	4.55% (+0.03)
Nov 08, 2023	2023 (Q3)	0.60 / 0.67	0.485	37.31% (+0.18)
Aug 09, 2023	2023 (Q2)	0.57 / 0.60	0.565	6.41% (+0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MFC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$31.26	$30.07	-3.81%
May 07, 2025	$31.06	$30.84	-0.71%
Feb 19, 2025	$29.18	$31.17	+6.82%
Nov 06, 2024	$30.40	$31.36	+3.16%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Manulife Financial (MFC) report earnings?

Manulife Financial (MFC) is schdueled to report earning on Nov 12, 2025, After Close (Confirmed).

What is Manulife Financial (MFC) earnings time?

Manulife Financial (MFC) earnings time is at Nov 12, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MFC EPS forecast?

MFC EPS forecast for the fiscal quarter 2025 (Q3) is 0.76.

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