TSX/NYSE/PSE: MFC SEHK: 945 C$ unless otherwise stated 宏利公佈 2025 年第二季度業績 多倫多 – 2025 年 8 月 6 日 – 宏利金融有限公司（「宏利」或「本公司」）宣佈截至 2025 年 6 月 30 日的第二季度 業績，期間新造業務增長勢頭持續強勁，最具潛力業務的盈利同樣錄得強勁增長。1 2025 年第二季度業績的主要重點包括： 9。該交易預計將於 2025 年第四季度完成 10 「我們的第二季度業績突顯了我們全球業務的實力與韌性，我們繼續在多元化的業務組合中實現優質增長。公司 所有三個保險業務部的新造業務 CSM 同比增長均超過 30%，清晰印證了我們的發展勢頭與未來盈利潛力。尤 其是亞洲持續錄得強勁的 APE 銷售額，其新造業務價值利潤率亦錄得環比增長。6 旗下全球財富與資產管理業 務進一步擴大其核心 EBITDA 利潤率 4，核心盈利較去年同期錄得雙位數增長 7。 「能夠領導宏利是我莫大的榮幸，整個團隊所展現出的熱枕與卓越績效著實令人鼓舞。當下，我們已打好堅實基 礎，並已準備就緒，以清晰理念和目標，應對多變的宏觀經濟形勢。當我們攜手開 ...

Consistent with Manulife's strategy to increase earnings from its highest potential businesses Comvest is a rapidly growing, middle market private credit manager Alignment creates a comprehensive US$18.4 billion1 private credit asset management platform Comvest leadership will lead the aligned private credit platform and there will be no changes to investment process or strategy Financially attractive transaction for Manulife shareholders, expected to be immediately accretive to core EPS, core ROE, and cor ...

TSX/NYSE/PSE: MFC  SEHK: 945                                                                                 C$ unless otherwise stated                                                                                                                                                              TORONTO, Aug. 6, 2025 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") reported its second quarter results for the period ended June 30, 2025, delivering continued strong momentum in new busin ...

C$ unless otherwise stated                                                                TSX/NYSE/PSE: MFC             SEHK: 945TORONTO, Aug. 6, 2025 /PRNewswire/ - Manulife's Board of Directors today announced quarterly shareholders' dividends on the following non-cumulative preferred shares of Manulife Financial Corporation, payable on or after September 19, 2025 to shareholders of record at the close of business on August 20, 2025: Class A Shares Series 2 - $0.29063 per share Class A Shares Series 3 - $ ...

Core Viewpoint - Manulife Financial Corporation is set to release its second quarter 2025 financial results on August 6, 2025, with a subsequent conference call scheduled for August 7, 2025, to discuss the results and engage with analysts [1][2]. Company Overview - Manulife Financial Corporation is a prominent international financial services provider headquartered in Toronto, Canada, operating under the name Manulife in Canada, Asia, and Europe, and as John Hancock in the United States [3]. - The company offers financial advice, insurance, and investment services to individuals, groups, and businesses, with a workforce of over 37,000 employees and more than 109,000 agents serving over 36 million customers globally [3]. - Manulife trades under the ticker 'MFC' on the Toronto, New York, and Philippine stock exchanges, and as '945' in Hong Kong [3].

Core Insights - The latest Manulife Asia Care Survey indicates a significant shift in consumer attitudes in China towards prioritizing quality of life over longevity as life expectancy increases [1][2] - The survey, which included 9,034 respondents across nine major Asian markets, revealed that only 7% of respondents prioritize extending life, while over 52% focus on achieving physical, mental, social, and financial health for a fulfilling life [1] Group 1: Health Awareness - 88% of respondents in mainland China feel adequately prepared to maintain their health post-retirement, significantly higher than the 62% Asian average [1] - Among the 35 to 54 age group, over 90% express confidence in their health preparedness [1] - However, there is a notable gap between confidence and action, with only 38% undergoing regular health check-ups and just 37% achieving recommended sleep durations [2] Group 2: Financial Health - Approximately 70% of respondents recognize the impact of financial health on personal well-being and longevity [2] - Despite only about 25% expressing concern over insufficient retirement funds, this is still lower than the 43% Asian average, indicating potential under-preparation for retirement [2][3] - Many consumers exhibit conservative asset allocation, with nearly 40% concentrating their assets in cash or fixed deposits, highlighting a lack of diversification [3] Group 3: Consumer Behavior and Trends - The survey results suggest a growing awareness among Chinese consumers regarding the need for comprehensive health and financial planning as they age [3] - Manulife's CEO emphasizes the importance of maintaining independence and enjoying a fulfilling life as core aspirations for consumers in their later years [3] - The findings indicate a need for behavioral adjustments and long-term planning that balances health and financial needs to achieve a secure and independent retirement [3]

Core Insights - The article compares Manulife Financial (MFC) and Sun Life (SLF) to determine which stock offers better value for investors [1] Valuation Metrics - MFC has a forward P/E ratio of 10.43, while SLF has a forward P/E of 11.90 [5] - MFC's PEG ratio is 1.04, compared to SLF's PEG ratio of 1.70 [5] - MFC's P/B ratio is 1.63, whereas SLF's P/B ratio is 2.34 [6] Investment Ratings - MFC currently holds a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while SLF has a Zacks Rank of 3 (Hold) [3] - Based on valuation metrics, MFC has a Value grade of A, while SLF has a Value grade of C [6]

Core Insights - Manulife Investment Management successfully closed its third co-investment fund, raising $1.1 billion, surpassing its $750 million target and exceeding the previous fund by over $300 million [1][4]. Fundraising Strategy - The successful fundraising reflects the effectiveness of Manulife IM's co-investment strategy, which leverages the firm's established primary funds platform and extensive relationships with over 200 global sponsor partners [2]. - The strategy aims to provide institutional investors with direct access to high-quality private equity opportunities in middle market companies, supported by a disciplined investment team [2]. Investor Base - The fund attracted a diverse global investor base, including public and corporate pensions, insurance companies, asset managers, financial institutions, and family offices, with Manulife's General Account also committing capital [3]. Leadership Commentary - Vipon Ghai, global head of private equity and credit at Manulife IM, expressed gratitude for the support from both new and returning investors, highlighting their trust as crucial to the fund's success [4]. - Scott Garfield, senior managing director, emphasized the strength of the firm's consistent strategy and experienced team, which enables access to diversified private equity opportunities [5]. Asset Management Overview - Manulife IM's private equity and credit platform manages over $28 billion in assets, which includes primary funds, co-investments, secondaries, and various credit types, as part of a broader private markets platform [6][7].

Core Viewpoint - Manulife Financial Corporation (MFC) is experiencing strong investor confidence, with its stock trading near a 52-week high and showing solid upward momentum, indicating potential for further price appreciation [1][7]. Performance Summary - MFC shares have increased by 18.1% over the past year, outperforming the industry growth of 16.1% and the S&P 500's 12.3%, but underperformed the Finance sector's return of 21.9% [2]. - The company has a solid track record of beating earnings estimates in three of the past four quarters, with an average surprise of 4.11% [3]. Valuation Metrics - MFC shares are trading at a price-to-earnings ratio of 10.44X, which is higher than the industry average of 8.12X, indicating a premium valuation [4]. - The average price target from 12 analysts is $34.84 per share, suggesting a potential upside of 9.2% from the last closing price [9]. Growth Projections - The Zacks Consensus Estimate for MFC's 2025 earnings per share indicates a year-over-year increase of 4.2%, with estimates for 2026 showing increases of 7.7% in earnings per share and 8.1% in revenues [11]. - Analyst sentiment is optimistic, with three of six analysts raising estimates for 2025 and five for 2026 over the past 60 days, leading to a 2.8% and 2.2% increase in consensus estimates, respectively [12]. Operational Highlights - MFC's return on equity in the trailing 12 months was 15.8%, surpassing the industry average of 15.3%, reflecting efficient use of shareholders' funds [13]. - The company aims for its Asia business to contribute half of its core earnings by 2025, focusing on growth in this region [15]. - MFC is expanding its Wealth and Asset Management business, particularly in Europe and the EMEA market, and is making long-term investments in high-growth areas [16]. Financial Strategy - MFC has a strong capital position, distributing wealth to shareholders through higher dividends and share buybacks, with a seven-year CAGR of 10% in dividends and a target payout ratio of 35-45% [17]. - The company aims for a leverage ratio of 25% and has maintained a free cash flow conversion of over 100% in recent quarters, indicating solid earnings [17]. Investment Considerations - MFC is positioned for growth due to its strong Asia business, expanding Wealth and Asset Management operations, and solid free cash flow conversion [18]. - The company is seen as an attractive option for yield-seeking investors, with favorable ROE and a VGM Score of B, although the premium valuation suggests waiting for a better entry point [19].

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - Asset-light companies are highlighted as effective portfolio diversifiers due to their low exposure to tariffs faced by materials companies [2] - Companies that return significant cash to shareholders through dividends and share buybacks are considered favorable investments [2] Group 2 - The article emphasizes the importance of defensive stocks with a medium- to long-term investment horizon [2]