May. 14 at 11:51 AM
$MFC
🚨🚨🚨
Manulife Financial reported a strong first quarter of 2026, with core earnings of
$1.8 billion, up 8%, and net income attributed to shareholders of
$1.1 billion, up
$0.7 billion from a year earlier.
Diluted core EPS rose to
$1.06, an 11% increase, while reported EPS climbed to
$0.65, up 178%. Core ROE reached 16.5% and the LICAT ratio stood at 136%, highlighting capital strength.
Insurance growth remained robust: APE sales grew 7% to
$2.8 billion, new business CSM increased 16% to
$1.0 billion, and new business value rose 7% to
$944 million.
Asia drove much of this momentum with 22% core earnings growth and 15% NBV growth, while Canada and the U.S. saw mixed results as Canada’s core earnings declined
Global Wealth and Asset Management delivered higher fees and a better core EBITDA margin but recorded
$4.4 billion of net outflows compared with prior-year inflows.
The board declared a quarterly common dividend of
$0.485 per share, payable on June 19 2026.
