Manulife (MFC) Q1 Earnings Top Estimates, APE Sales Rise Y/Y [Yahoo! Finance]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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manulife.com/investor-relations
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Source: Yahoo! Finance
Manulife Financial Corporation MFC delivered first-quarter 2024 core earnings of 70 cents per share, which beat the Zacks Consensus Estimate by 6.1%. The bottom line increased 20.7% year over year. Core earnings of $1.3 billion (C$1.8 billion) improved 16% year over year. This reflects strong business growth across its insurance businesses and higher fee income in Global WAM, driven by favorable market impact and positive net flows. New business value (NBV) in the reported quarter was $488 million (C$669 million), up 34% year over year. Annualized premium equivalent (APE) sales increased 21% year over year to $1.4 billion (C$1.9 billion). New business contractual service margin (CSM) increased 52% year over year to $480 (C$658 million) The Global Wealth and Asset Management business generated net inflows of $4.9 billion (C$6.7 billion), up 55% year over year. Core return on equity, measuring the company's profitability, expanded 190 basis points year over year to 16.7%. T
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MFC
Earnings
- 5/8/24 - Beat
MFC
Sec Filings
- 5/14/24 - Form 13F-NT
- 5/9/24 - Form 6-K
- 5/8/24 - Form 6-K
- MFC's page on the SEC website