Manulife Financial-S (00945) saw its shares turn lower, declining by over 5% following the release of its quarterly results. As of the latest update, the stock was down 5.23% to HK$293.6, with a turnover of HK$9.1302 million.
On May 14, Manulife Financial-S reported its financial results for the first quarter ended March 31, 2026. The company's core earnings reached C$1.8 billion, representing an 8% increase compared to the first quarter of 2025 on a constant currency basis. Net income attributable to shareholders was C$1.1 billion, an increase of C$700 million from the same period last year.
Core earnings per share (EPS) came in at C$1.06, up 11% year-over-year. Reported EPS was C$0.65, reflecting a significant 178% increase compared to the first quarter of 2025.
However, the Global Wealth and Asset Management segment reported net outflows of C$4.4 billion for the quarter, a notable shift from the C$500 million in net inflows recorded in the first quarter of 2025.
Colin Simpson, Chief Financial Officer of Manulife, commented on the results, stating that the company demonstrated resilience in its financial position and performance despite volatile market conditions during the quarter. He noted that excess capital remains robust, the financial leverage ratio improved further, and the book value per common share reached a new historical high.
Regarding capital deployment, the company maintained a disciplined and orderly approach, returning C$1.2 billion to shareholders through dividends and share buybacks. Manulife also completed its acquisition of Schroder Investment Management Indonesia during the period.
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