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Manulife Financial Corp (TSE:MFC)
TSX:MFC
Holding TSE:MFC?
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.94Last Year’s EPS
0.92Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 2.74%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in growth and operational efficiency, particularly in Asia and Global WAM, supported by strong digital advancements and a robust balance sheet. However, challenges persist in the U.S. segment and investment spreads, alongside impacts from recent reinsurance transactions.Company Guidance
During the Manulife Financial Q3 2024 earnings call, a multitude of performance metrics were highlighted, reflecting a robust quarter for the company. Key financial indicators showcased included a 40% increase in APE sales, driven significantly by Asia, which also saw record levels of new business CSM and new business value. Global WAM reported over $5 billion in net flows, contributing to a 37% growth in core earnings for this segment. Core EPS grew 7% year-over-year, or 11% excluding the impact of global minimum taxes, while core ROE reached an attractive 16.6%, edging closer to the 18%-plus goal. The company's balance sheet remained solid with a LICAT ratio of 137% and a leverage ratio of 23.5%. Additionally, the firm made progress towards its digital objectives, with its relationship NPS hitting a record high of 25 and exceeding its 2025 STP target of 88%. Overall, the call underscored Manulife's strategic execution and its ability to generate shareholder value through a diversified business mix and geographic presence.Record Financial and Operating Results
Achieved record levels in core earnings, APE sales, new business CSM, new business value, Net Promoter Score, and straight-through processing. APE sales grew by 40%, with significant growth in Asia.
Strong Performance in Global Wealth and Asset Management (WAM)
Global WAM delivered over $5 billion of net flows and has generated positive net flows in 13 of the past 14 years. Year-to-date net flows exceeded $12 billion in 2024.
Core Earnings and ROE Growth
Core earnings grew 4%, with a 17% increase in Asia and 37% in Global WAM. Core EPS increased by 7% year-over-year, or 11% if adjusted for the impact of global minimum taxes (GMT). Core ROE reached 16.6%.
Digital and AI Advancements
Implemented advanced GenAI capabilities with 11 use cases in production and another 13 planned by year-end. These have led to a 12% reduction in average handle time for North American contact center agents.
Strong Balance Sheet and Capital Returns
Maintained a LICAT ratio of 137% and a leverage ratio of 23.5%. Returned close to $5 billion of capital to shareholders over the past year, including share buybacks.
Positive Actuarial Assumption Changes
Annual actuarial review resulted in a net positive impact, indicating stability in reserve development.
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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 |
|---|---|---|---|
| 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% |
| Feb 14, 2024 | C$29.36 | C$31.93 | +8.74% |
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 Feb 19, 2025, TBA Not Confirmed.
What is Manulife Financial Corp (TSE:MFC) earnings time?
Manulife Financial Corp (TSE:MFC) earnings time is at Feb 19, 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 2024 (Q4) is 0.94.
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