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 ...

Financial Performance - Manulife's net income attributable to shareholders for Q1 2023 was CAD 1.4 billion, an increase of CAD 0.1 billion compared to Q1 2022[2]. - Core earnings for Q1 2023 were CAD 1.5 billion, representing a 6% increase year-over-year on a constant currency basis[2]. - The company's diluted earnings per share increased to CAD 0.73 in Q1 2023, up from CAD 0.66 in Q1 2022, representing an increase of approximately 10.6%[6]. - Core earnings for Q1 2023 totaled CAD 1,531 million, compared to CAD 1,393 million in Q1 2022, representing a 10% increase[20]. - Net income attributable to shareholders for Q1 2023 was CAD 1,406 million, up from CAD 1,325 million in Q1 2022, reflecting a 6% growth[20]. - The company experienced a market experience loss of CAD 65 million in Q1 2023, a significant improvement from a loss of CAD 655 million in Q4 2022[20]. - The net income (loss) attributable to shareholders for Q1 2023 was CAD 139 million, a significant improvement from a loss of CAD 672 million in Q4 2022[26]. - The net income attributable to common shareholders for Q1 2023 was $1,131 million, an increase from $726 million in Q4 2022, representing a growth of approximately 56%[31]. Sales and Business Growth - The annualized premium equivalent sales for Q1 2023 amounted to CAD 1.6 billion, a decrease of 3% compared to Q1 2022[2]. - The new business value for Q1 2023 was CAD 509 million, down 5% from Q1 2022[2]. - The annualized premium equivalent sales in Asia reached CAD 1,173 million in Q1 2023, compared to CAD 1,087 million in Q1 2022, reflecting a growth of 7.9%[6]. - The total new business value for Asia was CAD 372 million in Q1 2023, slightly up from CAD 369 million in Q1 2022[6]. - Annualized premium equivalent sales for Q1 2023 totaled CAD 1.6 billion, a decrease of 3% compared to Q1 2022, with notable growth in Hong Kong offsetting declines in Canada and the U.S.[11]. Capital and Equity - The LICAT ratio for Q1 2023 was reported at 138%[3]. - The company's LICAT capital ratio stood at 138% in Q1 2023, a decrease from 140% in Q1 2022[7]. - The adjusted book value per common share as of March 31, 2023, was CAD 30.04, an increase of CAD 2.51 from March 31, 2022[3]. - The total equity attributable to shareholders was CAD 47,375 million in Q1 2023, compared to CAD 46,876 million in Q4 2022[29]. Customer Engagement and Technology - In Asia, over 50% of eligible customers have activated the ManulifeMOVE app, with 38% subsequently purchasing policies[4]. - In Canada, the company partnered with Cleveland Clinic to enhance products and services for 5 million group insurance customers[4]. - The active user ratio for the customer website in Vietnam grew to 37% by the end of Q1 2023, an increase of 29 percentage points year-over-year[5]. Asset Management - The total assets under management and administration in global wealth and asset management reached CAD 814.5 billion in Q1 2023, up from CAD 810.2 billion in Q1 2022[7]. - The net inflows for global wealth and asset management business were CAD 4.4 billion in Q1 2023, down from CAD 6.8 billion in Q1 2022[7]. - The retirement business saw net inflows of CAD 1.2 billion in Q1 2023, compared to CAD 2 billion in Q1 2022, impacted by increased plan redemptions[15]. - Institutional asset management recorded net inflows of CAD 2.5 billion in Q1 2023, a significant increase from CAD 0.9 billion in Q1 2022, driven by higher inflows from mainland China[15]. Future Outlook and Strategy - The company aims to maintain a CSM growth target of 8% to 10% annually despite challenges in the operating environment[3]. - Future guidance indicates a focus on maintaining growth in core earnings and expanding market presence in Asia and North America[21]. - The company plans to continue investing in new product development and technology to enhance customer experience and operational efficiency[21]. - The company anticipates continued growth in assets under management driven by strategic initiatives and market expansion efforts[40]. - The company is committed to pursuing strategic acquisitions to support long-term growth and enhance its service offerings[42]. Risk Management and Market Conditions - The company emphasizes the importance of risk management and the ability to adapt to regulatory changes and market dynamics[42]. - Future performance may be influenced by various factors including market volatility, interest rates, and economic conditions, which could lead to significant deviations from expected results[41]. - The impact of the COVID-19 pandemic continues to be monitored, with potential implications for business operations and market conditions[41].

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 ...

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 ...