Manulife Financial - Release of 2025 Annual Results, Core Earnings of 7.5 billion CAD

K-LinePoet · 2026-02-22T22:58:48+00:00

Manulife Financial releases 2025 performance, with core earnings reaching CAD 7.5 billion, a 3% year-over-year increase. Q4 core earnings are CAD 2 billion, up 5%. Full-year net income attributable to shareholders is CAD 5.6 billion, an increase of CAD 200 million. The company continues to optimize its strategy and strengthen diversification efforts, demonstrating a strong growth trend and confidence in the future.

K-LinePoet

2026-02-22 22:58:48

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Manulife Financial-S (00945) announced full-year and fourth-quarter 2025 results. In 2025, core earnings reached CAD 7.5 billion, representing a 3% increase compared to 2024 on a fixed exchange rate basis. In the fourth quarter of 2025, core earnings were CAD 2.0 billion, up 5% from the same period in 2024. Net income attributable to shareholders for 2025 was CAD 5.6 billion, an increase of CAD 200 million from 2024; net income attributable to shareholders in the fourth quarter of 2025 was CAD 1.5 billion, a decrease of CAD 100 million from the same period in 2024. Core EPS for 2025 was CAD 4.21, up 8% from 2024; core EPS for the fourth quarter of 2025 was CAD 1.12, up 9% from the same period in 2024.

The full-year and fourth-quarter core ROE for 2025 were 16.5% and 17.1%, respectively. Compared to 2024, APE sales in 2025 increased by 14%, new business CSM increased by 28%, and new business value increased by 18%. Compared to the fourth quarter of 2024, APE sales in the fourth quarter of 2025 decreased by 1%, new business CSM increased by 21%, and new business value increased by 8%.

Manulife President and CEO Phil Witherington stated, “2025 is a significant year for Manulife. We achieved record high core earnings, completed several targeted strategic investments, and launched initiatives to optimize our corporate strategy. Across all insurance segments, we saw over 20% growth in new business CSM, driving double-digit growth in CSM balances and laying a solid foundation for future profitability. Through prudent capital deployment, we further strengthened our diversified business portfolio, including the acquisition of Comvest Credit Partners, announcing a joint venture with Mahindra to enter the Indian life insurance market, establishing a high-net-worth client office in Dubai International Financial Centre, and reaching an agreement to acquire Schroder Indonesia. These initiatives expand our world-class investment and insurance solutions for clients. Additionally, Evident AI named Manulife as the leading life insurance company in AI maturity and responsible innovation, further reflecting our commitment to becoming an AI-driven enterprise and actively leveraging AI technology to enhance customer experience, productivity, and create tangible value. Looking ahead to 2026, we will build on this momentum. Despite ongoing macroeconomic and geopolitical uncertainties, with our consistent and disciplined execution, diversified business mix, and winning team and culture, we are confident in seizing opportunities, achieving our goals, and continuing to deliver high-quality and sustainable long-term growth.”

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