Manulife Financial - S (00945) released its second quarter performance, with core earnings totaling 1.7 billion Canadian dollars.

According to the information from the Zhilingtong Finance APP, Manulife Financial-S (00945) released its second quarter performance as of June 30, 2025. The group's core profit was 1.7 billion Canadian dollars, a decrease of 2% compared to the second quarter of 2024 at a fixed exchange rate. Excluding the impact of expected credit loss changes, core profit was 1.8 billion Canadian dollars, an increase of 2% compared to the second quarter of 2024. Net income attributable to shareholders was 1.8 billion Canadian dollars, an increase of 700 million Canadian dollars compared to the second quarter of 2024. Core EPS was 0.95 Canadian dollars, an increase of 2% compared to the second quarter of 2024. EPS was 0.98 Canadian dollars, an 88% increase compared to the second quarter of 2024. Excluding the impact of ECL changes, core EPS was 0.99 Canadian dollars, a 7% increase compared to the second quarter of 2024. Core ROE was 15.0%, while ROE was 15.6%. The Life Insurance Capital Adequacy Test (LICAT) ratio was 136%. Compared to the second quarter of 2024, APE sales in the second quarter of 2025 increased by 15%, new business CSM increased by 37%, and new business value increased by 20%. Net inflows for global wealth and asset management business reached 900 million Canadian dollars, higher than the 100 million Canadian dollars recorded in the second quarter of 2024. It was announced today that an agreement has been reached to acquire 75% of the equity of Comvest Credit Partners, bringing $14.7 billion to the company's global wealth and asset management business platform. The transaction is expected to be completed in the fourth quarter of 2025.