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Manulife Financial Corp (TSE:MFC)
TSX:MFC
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.01Last Year’s EPS
0.94Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 6.66%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance for Manulife in 2024, with significant achievements in core earnings, digital transformation, and shareholder returns. Despite challenges from global minimum tax and lower returns in the US segment and real estate investments, the company demonstrated resilience and strategic growth.Company Guidance
During the Manulife Financial Fourth Quarter 2024 Results Conference Call, the company announced several key metrics and strategic initiatives. Manulife achieved record core earnings surpassing $7 billion, a 10% increase from 2023, with Asia and Global Wealth and Asset Management (WAM) contributing to 70% of these earnings. The company reported $13.3 billion in net inflows from Global WAM and executed significant reinsurance transactions, releasing $2.8 billion in capital and contributing to a 0.4 percentage point accretion to core ROE. Manulife's digital transformation efforts led to a record-high relationship net promoter score (NPS) of 27 and an STP rate of 89%, generating over $600 million in benefits, 3.5 times the 2023 level. The company also demonstrated strong expense management, achieving an efficiency ratio of 44.8% and growing adjusted book value per share by 15%. Manulife announced a 10% increase in its common share dividend and a new buyback program to repurchase up to 3% of outstanding common shares. The company maintained a robust balance sheet with a LICAT ratio of 137% and a leverage ratio of 23.7%.Record Core Earnings
Manulife achieved record core earnings exceeding $7 billion for the first time, a 10% increase from 2023.
Successful Portfolio Restructuring
Executed milestone reinsurance transactions, including the largest-ever LTC reinsurance with Global Atlantic and Canadian universal life reinsurance with RGA, resulting in a $2.8 billion capital release.
Strong Digital Transformation
Generated over $600 million of benefits from digital initiatives, 3.5 times the level in 2023. Launched 27 GenAI use cases into production.
Robust APE Sales and New Business Growth
Record APE sales and new business value growth of over 30%, with the highest growth from Asia.
Increased Shareholder Returns
Returned over $6 billion to shareholders through dividends and buybacks, with a 10% increase in quarterly dividend.
Global WAM Growth
Global WAM achieved positive net inflows of $1.2 billion and a 34% increase in core earnings.
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TSE:MFC Earnings History
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
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TSE:MFC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | C$42.32 | C$45.14 | +6.66% |
| Nov 06, 2024 | C$43.19 | C$44.37 | +2.73% |
| Aug 07, 2024 | C$32.53 | C$33.33 | +2.47% |
| May 08, 2024 | C$32.57 | C$34.11 | +4.73% |
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.
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FAQ
When does Manulife Financial Corp (TSE:MFC) report earnings?
Manulife Financial Corp (TSE:MFC) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Manulife Financial Corp (TSE:MFC) earnings time?
Manulife Financial Corp (TSE:MFC) earnings time is at May 07, 2025, TBA Not 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 TSE:MFC EPS forecast?
TSE:MFC EPS forecast for the fiscal quarter 2025 (Q1) is 1.01.
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