Manulife experiences This autumn, full-year financials

Manulife has revealed its monetary outcomes for the quarter and 12 months ended December 31, 2023.

Right here’s how the insurance coverage group carried out, in response to its earnings report:

Of the full-year web revenue attributed to shareholders, CA$1.2 billion got here from Canada; US$473 million from the US; and US$995 million from Asia.

Commenting on the numbers, Manulife president & chief govt Roy Gori mentioned: “2023 was a milestone 12 months for Manulife as we continued to execute on our transformation journey. We delivered sturdy enterprise outcomes of 17% and 13% development year-over-year in core EPS (earnings per frequent share) and core earnings, respectively, in addition to core ROE (return on frequent shareholders’ fairness) of 15.9% in 2023.

“We generated core earnings development throughout all insurance coverage segments, double-digit will increase in all new enterprise metrics, and CA$4.5 billion of web inflows in world WAM (wealth and asset administration). We additionally introduced a milestone reinsurance transaction, together with the most important ever LTC (long-term care) danger switch.

“Our technique is grounded in making selections simpler and lives higher for our clients and driving better worth for our shareholders. The dedication and fervour of our workforce to ship has helped us excel in unsure market circumstances and obtain constructive momentum as we start 2024.”

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