Manulife Financial Q3 profit beat estimates on global wealth and asset management strength

Manulife Financial

12/11/2025 22:14

Corrects currency to C$ from $ in bullets 1 and 3 of Overview

Overview

Manulife Q3 core earnings rise 10% yr/yr to C$2.0 bln, beating analyst expectations

Core EPS for Q3 beats analyst expectations, reflecting strong operational performance

Global WAM sees C$6.2 bln net outflows in Q3, compared to C$5.2 bln inflows in 3Q24

Outlook

Manulife to acquire PT Schroder Investment Management Indonesia to strengthen its market position

Company plans joint venture with Mahindra & Mahindra to enter Indian insurance market

Manulife enhances private credit capabilities with Comvest Credit Partners acquisition

Result Drivers

ASIA GROWTH - Core earnings in Asia rose 29% due to business growth, actuarial review impacts, and improved insurance experience

GLOBAL WAM PERFORMANCE - Core earnings in Global WAM increased 9% driven by higher net fee income and performance fees

U.S. NEW BUSINESS - U.S. saw strong new business growth with APE sales up 51% and new business CSM up 104%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Core EPS
Beat
C$1.16
C$1.05 (10 Analysts)
Q3 EPS
C$1.02
Q3 Core earnings
Beat
C$2.04 bln
C$1.80 bln (4 Analysts)
Q3 Core ROE
18.10%
Q3 ROE
16.00%


Press Release: ID:nCNWDrN92a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)