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Dec 31, 2024
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Manulife Q4 2024 Earnings Report
Manulife reported strong fourth-quarter results with increased core earnings and solid revenue growth.
Key Takeaways
Manulife delivered robust Q4 2024 earnings, with core earnings rising by 6% year-over-year to $1.9 billion. EPS remained steady at $0.88, while adjusted EPS saw a 9% increase to $1.03. The company continued its strategic expansion, including a second LTC reinsurance transaction, and announced a 10% dividend increase.
Core earnings of $1.9 billion in Q4 2024, up 6% year-over-year.
EPS remained flat at $0.88, while adjusted EPS rose to $1.03, a 9% increase.
Net income attributed to shareholders stood at $1.6 billion, in line with Q4 2023.
Announced a 10% increase in quarterly dividends and a share repurchase program.
Manulife
Manulife
Manulife Revenue by Geographic Location
Revenue by Geographic Location
Asia segment Revenue
CapyFin.comCanada segment Revenue
CapyFin.comU.S. segment Revenue
CapyFin.comGlobal WAM segment Revenue
CapyFin.com Forward Guidance
Manulife remains confident in its long-term strategy, with continued investments in digital transformation and insurance expansion, despite economic uncertainties.
Positive Outlook
- Strong core earnings growth expected to continue.
- Global WAM remains well-positioned with sustained net inflows.
- Dividend increased by 10% as a sign of financial strength.
- Strategic reinsurance transactions enhance long-term profitability.
- Digital transformation initiatives improving efficiency and customer engagement.
Challenges Ahead
- Potential impact of global minimum tax on profitability.
- Interest rate fluctuations may affect investment income.
- Increased competition in the insurance and asset management sectors.
- Market volatility could impact investment portfolio returns.
- Regulatory changes in key markets may create operational challenges.