Manulife Financial-S (00945) announced second quarter results. Core profit of 1.9 billion Canadian dollars increased 12% year over year

According to Zhitong Finance App News, Manulife Finance-S (00945) announced results for the second quarter ended June 30, 2026. Core profit was 1.9 billion Canadian dollars, up 12% from the second quarter of 2025 on a fixed exchange rate basis; net income attributable to shareholders was 2.1 billion Canadian dollars, an increase of 300 million Canadian dollars over the second quarter of 2025; core EPS was 1.09 Canadian dollars, up 16% from the second quarter of 2025; EPS was 1.20 Canadian dollars, up from the second quarter of 2025 22%; core ROE is 16.3%, ROE is 18.0%; “Life Insurance Capital Adequacy Test” (LICAT) ratio is 136%.

“Manulife performed well in the second quarter. We strictly implemented our strategy and continued to advance various strategic priorities. Core EPS grew 16% year over year, and the three major insurance business segments all achieved double-digit revenue growth, fully demonstrating the strength of our diversified business portfolio. Core earnings in Asia increased by 21%, and the three newly built business indicators also achieved double-digit increases at the same time; the profit margins of the global wealth and asset management business expanded and achieved net inflows. Among them, the newly acquired CQS and Comvest businesses all made strong contributions.

“Manulife continues to strengthen its distribution capabilities and promote product innovation, including launching a new high-net-worth customer insurance program, expanding its global wealth and asset management business with an exchange-traded fund (ETF) -based investment plan, and establishing a new financial advisory network in the US. We are also accelerating the integration of AI into various businesses to enhance customer and distribution partner experiences, improve operational efficiency, and create real value. Recent industry awards fully confirm our leading position in AI and our ability to bring innovative results to global business. The long-term care reinsurance deal announced today will further reduce our risk level and reflect our continued improvement in business strength through innovative initiatives. We have full advantage and will continue to implement the established strategies to achieve long-term and sustainable growth.”