Company Reports

Manulife is one of the Big Three Canadian life insurers, which collectively represent about 80% of the nation’s life insurance premiums. The firm’s current strategy focus is to continue reducing its risk profile, grow its Asian life insurance business and wealth management faster than other businesses, achieve better expense efficiency, and invest in digital capabilities.

Manulife reported overall okay results for the second quarter, with adjusted earnings per share up 16% year over year. Along with earnings, the firm announced a CAD $3.2 billion risk transfer deal with Munich Re covering a block of its US long-term care products.

Manulife is one of the Big Three Canadian life insurers, which collectively represent about 80% of the nation’s life insurance premiums. The firm’s current strategy focus is to continue reducing its risk profile, grow its Asian life insurance business and wealth management faster than other businesses, achieve better expense efficiency, and invest in digital capabilities.

Canadian life insurers' earnings have benefited from the effects of market appreciation on their investment portfolios the past several quarters. The Morningstar Canada stock index has had a strong total return of around 33% in the past 12 months.

Manulife reported slightly disappointing results for the first quarter, with headwinds in its domestic group insurance and Asia retirement businesses. The firm’s first-quarter results translated into an adjusted return on equity of 16.5%, below its medium-term of 18%-plus.

Manulife is one of the Big Three Canadian life insurers, collectively representing about 80% of the nation’s life insurance premiums. The firm’s current strategy focus is to continue reducing its risk profile, grow its Asian life insurance business and wealth management faster than other businesses, achieving better expense efficiency, and invest in digital capabilities.

Manulife reported adequate results for the fourth quarter as adjusted earnings per share came in at CAD 1.12 per share, up 9% from a year ago. The firm's full-year 2025 results translated into an adjusted return on equity of 16.5%, below its medium-term level of 18%-plus.

Manulife is one of the Big Three Canadian life insurers, collectively representing about 80% of the nation’s life insurance premiums. The firm’s current strategy focus is to continue reducing its risk profile, grow its Asian life insurance business and wealth management faster than other businesses, achieving better expense efficiency, and invest in digital capabilities.

Manulife reported solid third-quarter earnings, with adjusted net income coming in at CAD 2.04 billion or CAD 1.16 per share, up 16% year over year. The results translate into an adjusted return on equity of 18.1%, which is in line with management's target of over 18%.

Manulife reported slightly disappointing numbers for the second quarter as adjusted earnings came in at CAD 1.73 billion or CAD 0.95 per share, up 2% from a year ago. The firm also announced its all-cash $1.28 billion acquisition of Comvest Credit Partners.

Manulife is one of the Big Three Canadian life insurers, collectively representing about 80% of the nation’s life insurance premiums. The firm’s current strategy focus is to continue reducing its risk profile, grow its Asian life insurance business and wealth management faster than other businesses, achieving better expense efficiency, and invest in digital capabilities.

We are transferring coverage of Manulife to a new analyst. Manulife is one of the Big Three Canadian life insurers and has operations in Canada, the US, and various Asian markets.

Manulife posted a strong set of numbers, with impressive growth in the Asian business. The firm reported core earnings of CAD 1.77 billion, or CAD 0.99 per share, in the first quarter, up 3% compared with the previous year. Adjusted return on equity was 15.6% during the quarter.

Manulife posted an impressive set of numbers, surprising on the upside in both profitability and growth. They reported core earnings of CAD 1.90 billion or CAD 1.03 per share in the fourth quarter, up 9% compared with the previous year. Adjusted return on equity was 16.5% during the quarter.

Manulife provides a variety of financial services products including life insurance, annuities, and investment management, mainly in the US, Canada, and Asia. Its investment management business has achieved adequate scale and is a source of stable earnings and durable cash flows.

Manulife reported a good set of numbers in the third quarter as core earnings came in at CAD 1.82 billion, or CAD 1.00 per share, up 7% compared with CAD 1.74 billion or CAD 0.92 per share in the third quarter of the previous year. The results equated to an annualized core return on equity of 16.6%.

No-moat Manulife reported a good set of numbers in the second quarter as growth remained strong while profitability was robust. The company reported core earnings of CAD 1.74 billion or CAD 0.91 per share in the second quarter, versus CAD 1.64 billion or CAD 0.83 per share in the second quarter of the previous year. The second-quarter results equated to an annualized core return on equity of 15.7%. Management has recently increased the company’s long-term target for core ROE to 18%-plus, which is a material positive, in our opinion. The adjusted book value of the company stood at CAD 34.0 per share in the second quarter, up 15% compared with the same quarter in the previous year. Growth remained impressive for Manulife as the firm reported a 17% growth in annualized premiums and new business value grew by 23% on a year-over-year basis. We are increasing our fair value estimate for Manulife to CAD 34 per share from CAD 30 after incorporating the second-quarter results.

Manulife provides a variety of financial services products including life insurance, annuities, and investment management, mainly in the US, Canada, and Asia. Its investment management business has achieved adequate scale and is a source of stable earnings and durable cash flows.

No-moat-rated Manulife Financial reported a solid set of first-quarter numbers, as growth was strong and profitability remained on track. The company reported core earnings of CAD 1.75 billion, or CAD 0.94 per share, versus CAD 1.54 billion, or CAD 0.79 per share, in the year-ago first quarter. The quarterly results equated to an annualized core return on equity of 16.7%, higher than the company’s long-term target of 15%. Adjusted book value stood at CAD 33.40 per share in the first quarter, up 11% compared with the first quarter of the previous year. We are maintaining our CAD 30 fair value estimate after incorporating these results.

Manulife provides a variety of financial-services products including life insurance, annuities, and investment management, mainly in the US, Canada, and Asia. Its investment management business has achieved adequate scale and is a source of stable earnings and durable cash flows.