Global Finance News
05 Nov 2026, 09:46
Manulife Rises 3% Premarket as Record Core Earnings and Asia Growth Support Shares
Manulife Financial (NYSE: MFC) shares rose about 3% in premarket trading after the company reported record third-quarter core earnings and continued strong growth in Asia.
Core earnings reached C$2.1 billion, up 4% on a constant-exchange-rate basis, while core EPS increased 6% to a record C$1.24. Core return on equity was 17.8%.
Reported net income attributable to shareholders fell to C$1.4 billion from a year earlier, while reported EPS declined 21% to C$0.82.
Asia was the main growth driver, with double-digit core earnings growth, while Manulife also cited solid contributions from its North American insurance businesses.
Global Wealth and Asset Management recorded net outflows of C$3.6 billion, improving from C$6.2 billion of outflows a year earlier.
Capital remained strong, with a LICAT ratio of 136%. Manulife returned C$1.3 billion to shareholders during the quarter while maintaining financial leverage below its medium-term target.
The 3% premarket gain appears to reflect record core profitability, strong Asia momentum and solid capital returns, despite weaker reported net income and continued net outflows in wealth and asset management.
Manulife Financial (NYSE: MFC) shares rose about 3% in premarket trading after the company reported record third-quarter core earnings and continued strong growth in Asia.
Core earnings reached C$2.1 billion, up 4% on a constant-exchange-rate basis, while core EPS increased 6% to a record C$1.24. Core return on equity was 17.8%.
Reported net income attributable to shareholders fell to C$1.4 billion from a year earlier, while reported EPS declined 21% to C$0.82.
Asia was the main growth driver, with double-digit core earnings growth, while Manulife also cited solid contributions from its North American insurance businesses.
Global Wealth and Asset Management recorded net outflows of C$3.6 billion, improving from C$6.2 billion of outflows a year earlier.
Capital remained strong, with a LICAT ratio of 136%. Manulife returned C$1.3 billion to shareholders during the quarter while maintaining financial leverage below its medium-term target.
The 3% premarket gain appears to reflect record core profitability, strong Asia momentum and solid capital returns, despite weaker reported net income and continued net outflows in wealth and asset management.
