Manulife Q4 2024 Earnings Report
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 Revenue
Manulife EPS
Manulife Revenue by Geographic Location
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.