Financial Performance - Manulife reported a net income attributable to shareholders of CAD 1.3 billion for Q3 2022, a decrease of CAD 200 million compared to Q3 2021[1]. - Core earnings for Q3 2022 were CAD 1.3 billion, representing a 14% decrease year-over-year on a constant currency basis[1]. - Net income attributable to shareholders for Q3 2022 was CAD 1.347 billion, down from CAD 1.592 billion in Q3 2021, reflecting a decrease of 15.4%[9]. - Core earnings for Q3 2022 were CAD 1.322 billion, a decline of 14% compared to CAD 1.517 billion in Q3 2021[10]. - The return on common equity for Q3 2022 was 10.5%, down from 12.6% in Q3 2021[9]. - The expense ratio for Q3 2022 was 53.9%, compared to 51.3% in Q3 2021, indicating increased operational costs[9]. - Core earnings (after tax) for the company reached CAD 4,828 million, reflecting a 68% increase compared to the previous year[36]. - The net income attributable to shareholders (after tax) was CAD 5,021 million, with a significant contribution from Asia at CAD 2,412 million[35]. Sales and Business Value - The annualized premium equivalent sales for Q3 2022 were CAD 1.3 billion, down 6% from Q3 2021[2]. - The new business value for Q3 2022 was CAD 514 million, a decrease of 6% compared to the same quarter in 2021[2]. - New business value in Asia dropped by 17% year-over-year, primarily due to lower sales in Hong Kong[12]. - New business value in Canada increased by 25% year-over-year, driven by improved margins in the insurance business[12]. - New business value in the U.S. rose by 27% year-over-year, attributed to pricing measures and rising interest rates[12]. - The sales of products featuring Vitality PLUS increased by 12% compared to Q3 2021, indicating growing interest among health-conscious consumers[13]. Wealth and Asset Management - Global wealth and asset management business recorded net inflows of CAD 3 billion in Q3 2022, down from CAD 9.8 billion in Q3 2021[2]. - The total assets under management in the global wealth and asset management business were CAD 748.8 billion, down from CAD 823.6 billion[9]. - The total investment assets managed by the Global Wealth and Asset Management business as of September 30, 2022, were $411,292 million, an increase from $402,329 million on June 30, 2022, representing a growth of 2.4%[40]. - The total assets under administration provided by the Global Wealth and Asset Management division amounted to $855.9 billion, a 5.9% increase from the previous quarter[41]. Operational Efficiency - The core EBITDA for Q3 2022 was $504 million, reflecting a 7.9% increase compared to $467 million in Q2 2022[43]. - The core EBITDA margin improved to 32.7% in Q3 2022, up from 30.7% in Q2 2022[43]. - The efficiency ratio for Q3 2022 was 53.9%, compared to 49.2% in Q2 2022, indicating increased operational costs relative to earnings[44]. - Core general expenses for Q3 2022 were $1.859 billion, slightly higher than $1.843 billion in Q2 2022[44]. Strategic Initiatives - Manulife expanded its Manulife Vitality program to include new policyholders for term and universal life insurance starting November 2022[4]. - The company introduced advanced early detection services for multiple cancers through the Galleri® test, becoming the first life insurer to offer this service[5]. - The company plans to continue expanding its market presence and investing in new technologies to enhance service offerings[41]. Risks and Uncertainties - The company emphasizes that forward-looking statements are subject to risks and uncertainties, and actual performance may differ significantly from expectations[46]. - Significant factors affecting actual performance include general business and economic conditions, market volatility, interest rates, and credit spreads[47]. - The ongoing impact of the COVID-19 pandemic, including any variants, poses additional risks to the company's performance[47]. - Legal and regulatory changes may affect the company's operations and financial performance[47]. - The company acknowledges the challenges in attracting and retaining key personnel, which could impact operational effectiveness[48].

Manulife reports 3Q22 net income of $1.3 billion, core earnings of $1.3 billion, APE sales of $1.3 billion, and Global Wealth and Asset Management net inflows of $3.0 billion Today, Manulife announced its third quarter of 2022 ("3Q22") results. Key highlights include: "We delivered resilient operating results in the third quarter amidst a challenging market and operating environment," said Manulife President & Chief Executive Officer Roy Gori. "We continued to deliver solid results in our Asia business and ...

Manulife Financial Corporation (NYSE:MFC) Q2 2022 Results Conference Call August 11, 2022 8:00 AM ET Company Participants Hung Ko - Investor Relations Roy Gori - President & Chief Executive Officer Damien Green - President and CEO of Manulife Asia Phil Witherington - Chief Financial Officer Steve Finch - Chief Actuary Anil Wadhwani - President & Chief Executive Officer, Manulife Asia Scott Hartz - Chief Investment Officer Naveed Irshad - Global Head of Inforce Management Conference Call Participants Meny Gr ...

Financial Performance - Manulife reported a net income of CAD 1.1 billion for Q2 2022, a decrease of CAD 1.6 billion compared to Q2 2021[1]. - Core earnings for Q2 2022 were CAD 1.6 billion, representing a 9% decrease year-over-year on a constant currency basis[1]. - Net income attributable to shareholders for Q2 2022 was CAD 1.1 billion, a decrease of CAD 1.6 billion compared to Q2 2021[8]. - Core earnings for Q2 2022 were CAD 1.6 billion, down 9% from Q2 2021[9]. - The net income attributable to shareholders for Q2 2022 was CAD 1.086 billion, a decrease from CAD 2.970 billion in Q1 2022[19]. - The net income (after tax) for Q1 2022 was CAD 2,902 million, with CAD 2,067 million from the US and CAD 596 million from Asia[25]. - The net income attributable to shareholders (after tax) for Q2 2021 was $2,646 million, indicating a solid financial position[27]. - The net income (after tax) for Q2 2021 was $2,682 million, underscoring the company's strong market presence[27]. Sales and Business Growth - The annualized premium equivalent sales for Q2 2022 amounted to CAD 1.4 billion, down 1% from Q2 2021[1]. - The global wealth and asset management business recorded net inflows of CAD 1.7 billion in Q2 2022, significantly lower than CAD 8.6 billion in Q2 2021[1]. - New business value recorded in Q2 2022 was CAD 511 million, a decline of 9% compared to Q2 2021[11]. - Annualized premium equivalent sales in Asia for Q2 2022 were CAD 838 million, down from CAD 950 million in Q2 2021[11]. - Annualized premium equivalent sales in Canada for Q2 2022 were CAD 361 million, an increase from CAD 274 million in Q2 2021[11]. - Annualized premium equivalent sales in the US for Q2 2022 were CAD 209 million, up from CAD 191 million in Q2 2021[11]. - The retirement business recorded a net inflow of CAD 1 billion in Q2 2022, a significant improvement from a net outflow of CAD 600 million in Q2 2021[13]. - Institutional asset management net inflow was CAD 2.5 billion in Q2 2022, compared to CAD 1.9 billion in Q2 2021[13]. Efficiency and Cost Management - The company achieved a spending efficiency ratio of 49.2%, with general expenses decreasing by 3%[1]. - The expense ratio for Q2 2022 was 49.2%, compared to 46.8% in Q2 2021[8]. - The core general expenses for Q2 2022 were $1,843 million, slightly lower than $1,877 million in Q1 2022, showing a decrease of 1.8%[43]. - The expense efficiency ratio improved to 49.2% in Q2 2022 from 50.0% in Q1 2022, indicating better cost management[43]. Capital and Investment - The LICAT ratio for Q2 2022 was reported at 137%[1]. - The total assets under management and administration in global wealth and asset management were CAD 744.7 billion, down from CAD 798.5 billion[8]. - The total assets managed by the Global Wealth and Asset Management division reached $744,703 million, a decrease from $807,964 million in the previous quarter, indicating a drop of 7.8%[41]. - The total investment assets amounted to $3,967 million as of June 30, 2022, compared to $4,458 million in March 2022, reflecting a decrease of 11%[39]. Digital Transformation - Manulife enhanced its digital capabilities, achieving an 85.5% electronic submission rate for new policies in Asia, a 10 percentage point increase from Q2 2021[4]. Risk Factors and Strategic Focus - The company acknowledges that forward-looking statements involve risks and uncertainties, and actual performance may differ significantly from expectations[46]. - Key risk factors affecting actual performance include general business and economic conditions, market volatility, interest rates, and credit spreads[46]. - The ongoing impact of the COVID-19 pandemic, including any variants, remains a significant risk to future performance[46]. - The company anticipates continued focus on market expansion and new product development as part of its strategic initiatives moving forward[44]. - The company has outlined that its financial condition and operational performance are subject to various regulatory and legal risks[47]. - The company emphasizes the importance of maintaining its reputation and financial strength amid potential downgrades in credit ratings[46]. Shareholder Returns - The company repurchased approximately 2% of its common shares year-to-date, totaling CAD 933 million[2]. - The diluted earnings per share for Q2 2022 was CAD 0.78, slightly up from CAD 0.77 in Q1 2022[37].

Manulife reports 2Q22 net income of $1.1 billion, core earnings of $1.6 billion, APE sales of $1.4 billion, and Global Wealth and Asset Management net inflows of $1.7 billion Today, Manulife announced its second quarter of 2022 ("2Q22") results. Key highlights include: "We delivered solid results, including core earnings of $1.6 billion, despite challenges posed by the macro environment, including the impact of market headwinds in Global WAM and extended COVID-19 restrictions in Asia," said Manulife Preside ...

Manulife Financial Corporation (NYSE:MFC) Q1 2022 Earnings Conference Call May 12, 2022 8:00 AM ET Company Participants Hung Ko - Investor Relations. Roy Gori - President & Chief Executive Officer Phil Witherington - Chief Financial Officer Steve Finch - Chief Actuary Anil Wadhwani - President & Chief Executive Officer, Manulife Asia Scott Hartz - Chief Investment Officer Naveed Irshad - Global Head of Inforce Management Conference Call Participants Meny Grauman - Scotiabank Doug Young - Desjardins Capital ...

Financial Performance - Manulife reported a net income of CAD 3 billion for Q1 2022, an increase of CAD 2 billion compared to Q1 2021[2]. - Core earnings for Q1 2022 were CAD 1.6 billion, a decrease of 4% year-over-year on a constant currency basis[2]. - The net income attributable to shareholders for Q1 2022 was CAD 2.97 billion, an increase of CAD 2.22 billion compared to Q1 2021[6]. - Core earnings for Q1 2022 were CAD 1.55 billion, a decrease of 4% from CAD 1.63 billion in Q1 2021[8]. - Core earnings (after tax) for Q1 2022 totaled CAD 1,552 million, with a breakdown of CAD 537 million from Asia, CAD 314 million from Canada, and CAD 486 million from the US[21]. - The total income before tax for Q1 2022 was CAD 3,711 million, with CAD 681 million from Asia, CAD 880 million from Canada, and CAD 2,577 million from the US[20]. - The company reported a net income attributable to shareholders (after tax) for Q1 2022 was CAD 2,970 million, with contributions of CAD 773 million from Asia, CAD 547 million from Canada, and CAD 2,067 million from the US[20]. - Core earnings (after tax) for Q1 2022 were $1,500 million, compared to $1,629 million in Q1 2021, reflecting a decrease of 7.9%[26]. - Core earnings before tax for Q1 2022 were $1,687 million, down from $1,995 million in Q1 2021, indicating a decline of 15.4%[25]. Sales and Business Growth - The annualized premium equivalent sales for Q1 2022 amounted to CAD 1.6 billion, down 9% from Q1 2021[2]. - The new business value for Q1 2022 was CAD 513 million, a decrease of 14% compared to Q1 2021[2]. - Annualized premium equivalent sales for Q1 2022 totaled CAD 1.61 billion, a decrease of 9% from CAD 1.78 billion in Q1 2021[10]. - Annualized premium equivalent sales in "Other Asia" decreased by 8%, primarily due to a decline in agent sales offsetting growth in bank insurance sales in Singapore[11]. - Annualized premium equivalent sales in the US increased by 32%, driven by unique market advantages of local products and heightened consumer demand for insurance protection amid the pandemic[11]. - The company achieved net inflows of CAD 6.9 billion in its global wealth and asset management business for Q1 2022, compared to CAD 1.4 billion in Q1 2021[6]. - Institutional asset management net inflows were CAD 0.9 billion in Q1 2022, a significant improvement from net outflows of CAD 7.2 billion in Q1 2021[12]. - Retail business net inflows were CAD 4.0 billion in Q1 2022, down from CAD 6.5 billion in Q1 2021, reflecting a decline in total inflows mainly related to fixed income products[12]. Capital and Investment - The LICAT ratio for Q1 2022 was reported at 140%[2]. - The company released CAD 2.4 billion in capital through reinsurance transactions for over 75% of its legacy variable annuity business in the U.S.[5]. - The total amount of investment assets in global wealth and asset management was $3,468 million, down from $4,458 million in the previous quarter[30]. - Total investment assets amounted to $409,401 million as of March 31, 2022, a decrease of 4.1% from $427,098 million on December 31, 2021[30]. - Net assets of independent funds totaled $371,928 million, down 7.0% from $399,788 million in the previous quarter[30]. Strategic Initiatives - Manulife aims to increase the core return on common shareholders' equity to over 15% and expand the dividend payout ratio target range to 35%-45%[4]. - The company enhanced the user experience of its Manulife Vitality mobile app in Canada, aiming to further engage customers[5]. - In Asia, the company began offering insurance solutions to 14 million customers of VietinBank in Vietnam as part of a 16-year exclusive bancassurance partnership[5]. - The company plans to continue expanding its market presence and enhancing its product offerings, although specific strategies were not detailed in the provided content[19]. Risk Factors and Future Outlook - The company emphasizes that forward-looking statements involve risks and uncertainties that may cause actual results to differ significantly from those anticipated[32]. - The company faces significant risks that could lead to actual performance differing greatly from expectations, including general business and economic conditions, market volatility, and credit spreads[33]. - The ongoing COVID-19 pandemic and government actions in response to it are critical factors affecting the company's performance[33]. - The company's ability to execute strategic plans and adapt to changes in accounting standards and capital requirements is essential for future performance[33]. - The company must maintain its reputation and manage potential impairments of goodwill or intangible assets[33]. - The accuracy of forecasts related to morbidity, mortality, and policyholder behavior is crucial for the company's financial health[33]. - The company emphasizes the importance of effective hedging strategies and the ability to acquire suitable assets to support long-term liabilities[33]. - The company's liquidity and ability to secure financing for financial obligations are vital for operational stability[33]. - Future guidance remains optimistic, with expectations for growth in core earnings and managed assets in the upcoming quarters[19].

Exhibit 99.1 Manulife Financial Corporation Annual Report 1 In 2021, we launched Elevate, a global program to encourage and nurture our colleagues' well-being through healthy activities, mindfulness, and eating well. Decisions made easier. Lives made better. "Our ability to adapt and serve customers across the globe continues to drive our operating results, and we are well-positioned to continue helping them live better, happier, and healthier lives." Roy Gori, President and Chief Executive Officer In 2021, ...

Manulife Financial Corporation (NYSE:MFC) Q4 2021 Earnings Conference Call February 10, 2022 8:00 AM ET Company Participants Hung Ko - Investor Relations. Roy Gori - President & Chief Executive Officer Phil Witherington - Chief Financial Officer Mike Doughty - President & Chief Executive Officer, Manulife Canada Paul Lorentz - President & Chief Executive officer of Global Wealth & Asset Management Anil Wadhwani - President & Chief Executive Officer, Manulife Asia Scott Hartz - Chief Investment Officer Steve ...

Exhibit 99.1 Manulife Financial Corporation Consolidated Financial Statements For the year ended December 31, 2021 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 ...