Financial Data and Key Metrics Changes - The company reported a 35% increase in core EPS for Q3 2023, with core ROE at 16.8%, exceeding the medium-term target of over 15% for the second consecutive quarter [5][40]. - The adjusted book value per share increased by 4% year-on-year, reaching $30.67 [19][14]. - Net income was lower than core earnings due to a challenging investment environment, but gains in other comprehensive income offset some of the adverse results [19][10]. Business Line Data and Key Metrics Changes - APE sales in Canada grew by 51% year-on-year, driven by a significant affinity market sale, resulting in a 72% increase in new business value [23][38]. - In Asia, APE sales increased by 20%, with new business CSM growth of 16% year-on-year, reflecting a recovery in demand from Mainland Chinese customers [11][47]. - The Global Wealth and Asset Management (WAM) segment experienced net outflows of $800 million due to a large pension plan redemption, but year-to-date net inflows were $5.8 billion [39][50]. Market Data and Key Metrics Changes - The U.S. segment faced lower APE sales due to a high-rate environment impacting accumulation insurance products, particularly for affluent customers [35][91]. - The company noted that retail net outflows reflected lower demand as investors favored short-term cash and money market instruments amid market volatility [51]. Company Strategy and Development Direction - The company is focused on profitable growth while enhancing customer needs and returning capital to shareholders, with a strong emphasis on digital transformation and technology adoption [11][25]. - A unified onboarding platform was launched in Bermuda, Hong Kong, and Singapore to enhance the high net worth business [24]. - The company plans to continue building on its digital platform and accelerate the adoption of new technologies, including generative AI [27][28]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the uncertain macroeconomic environment, highlighting opportunities arising from higher interest rates and recovery in Asia [16][40]. - The management acknowledged challenges in the market but emphasized the importance of increasing customer engagement and sales to drive future growth [64][100]. Other Important Information - The company has returned approximately $7.7 billion to shareholders through dividends and share buybacks since resuming its buyback program in 2022, with an average annual dividend growth of 10% since 2017 [15][67]. - The company maintains a strong capital position with a LICAT ratio of 137% and $22 billion of capital above the supervisory target ratio [53][14]. Q&A Session Summary Question: What drove the strong performance fees in the WAM business? - The performance fee of $23 million post-tax was primarily from the timber business, contributing positively to the results [57]. Question: What is the outlook for new business CSM growth? - New business CSM growth was 16% year-on-year, with 80% of this growth coming from Asia, indicating good momentum [60]. Question: What are the challenges in the Vietnam market? - The Vietnam market is experiencing challenges reflected in lower new business volumes and persistency, which is impacting overall performance [74]. Question: How is the company addressing the lapse rates in the U.S.? - The company expects lapse rates to trend back to pre-pandemic levels, with ongoing monitoring and adjustments to assumptions as necessary [93]. Question: What is the outlook for ALDA performance? - The company remains confident in achieving long-term returns despite recent underperformance, attributing it to rising cap rates and market conditions [115][120].

Table of Contents Exhibit 99.1 Manulife Third Quarter Report to Shareholders Three and nine months ended September 30, 2023 Manulife Financial Corporation Table of Contents Manulife Financial Corporation ("Manulife" or the "Company") reported its third quarter results for the period ended September 30, 2023, delivering double-digit growth in core earnings1, APE sales2 and new business value2. Key highlights for the third quarter of 2023 ("3Q23") include: "Our strong operating and new business results this q ...

Manulife Financial Corporation (NYSE:MFC) Q2 2023 Earnings Conference Call August 10, 2023 8:00 AM ET Company Participants Hung Ko - VP, Group IR Roy Gori - President, CEO & Director Colin Simpson - CFO Philip Witherington - President & CEO, Manulife Asia Paul Lorentz - President and CEO, Global Wealth & Asset Management Scott Hartz - CIO Steven Finch - Chief Actuary Conference Call Participants Meny Grauman - Scotiabank Paul Holden - CIBC Tom MacKinnon - BMO Capital Markets Mario Mendonca - TD Securities L ...

Table of Contents Manulife Second Quarter Report to Shareholders three and six months ended June 30, 2023 Manulife Financial Corporation Table of Contents Manulife reports strong topline results in 2Q23 with APE sales up 12%, NBV up 10%, new business CSM of $592 million up 15% and Global Wealth and Asset Management net inflows of $2.2 billion. Net income attributed to shareholders was $1.0 billion in 2Q23 and core earnings were $1.6 billion with strong EPS and core EPS growth Today, Manulife announced its s ...

7Note: Percentage growth/decline in APE sales and NBV are on a constant exchange rate basis. For more information on APE Sales, NBV and net flows, see "Non-GAAP and Other Financial Measures" below. Adjusted book value per common share Asia Global WAM Capital returned to shareholders 1.1 1.0 0.4 0.4 0.5 0.6 0.4 0.6 0.6 0.6 0.6 0.7 1Q22 2Q22 3Q22 4Q22 9 | --- | --- | --- | --- | --- | |---------------|-------------------------------------------------------|--------|--------|-------------| | | (C$ millions, un ...

Manulife Financial Corporation (NYSE:MFC) Q1 2023 Earnings Conference Call May 11, 2023 8:00 AM ET Company Participants Hung Ko - Investor Relations Roy Gori - President and Chief Executive Officer Phil Witherington - Chief Financial Officer Scott Hartz - Chief Investment Officer Damien Green - President and Chief Executive Officer, Manulife Asia Steve Finch - Chief Actuary Paul Lorentz - President and Chief Executive Officer, Global Wealth and Asset Management Conference Call Participants Gabriel Dechaine ...

Table of Contents First Quarter Report to Shareholders Three months ended March 31, 2023 Manulife Financial Corporation Table of Contents Manulife reports 1Q23 net income attributed to shareholders of $1.4 billion, core earnings of $1.5 billion, strong core EPS growth and core ROE, and Global Wealth and Asset Management net inflows of $4.4 billion Today, Manulife announced its first quarter of 2023 ("1Q23") results. This marks the first quarter of reporting under IFRS 17 and IFRS 9 and the transition impact ...

Manulife Financial Corporation (NYSE:MFC) Q4 2022 Results Conference Call February 16, 2023 8:00 AM ET Company Participants Hung Ko - IR Roy Gori - President, CEO Phil Witherington - CFO Steven Finch - Chief Actuary Damien Green - President & CEO, Manulife Asia Scott Hartz - CIO Conference Call Participants Doug Young - Desjardins Gabriel Dechaine - National Bank Lemar Persaud - Cormark Securities Mario Mendonca - TD Securities Meny Grauman - Scotiabank Nigel D'Souza - Veritas Investment Research Paul Ho ...

Exhibit 99.1 Manulife Financial Corporation Consolidated Financial Statements For the year ended December 31, 2022 Responsibility for Financial Reporting The accompanying consolidated financial statements of Manulife Financial Corporation are the responsibility of management and have been approved by the Board of Directors. It is also the responsibility of management to ensure that all information in the annual report to shareholders is consistent with these consolidated financial statements. The consolidat ...

Manulife Financial Corporation (NYSE:MFC) Q3 2022 Results Conference Call November 10, 2022 8:00 AM ET Company Participants Hung Ko - IR Roy Gori - President, CEO Phil Witherington - CFO Steve Finch - Chief Actuary Damien Green - President & CEO, Manulife Asia Marc Costantini - Global Head, Inforce Management Paul Lorentz - President & CEO, Global Wealth & Asset Management Conference Call Participants Gabriel Dechaine - National Bank Financial Meny Grauman ??? Scotiabank Paul Holden ??? CIBC Doug Young - De ...