Manulife Announces Refreshed Enterprise Strategy to Deliver Sustainable, Long-Term Growth

Core Insights - Manulife has introduced a refreshed strategy aimed at becoming the number one choice for customers, supported by five new strategic priorities [1][6] - The company is well-positioned to thrive amid evolving global financial landscapes characterized by market volatility and increasing digital expectations [2][3] Strategic Priorities - Winning Team and Culture: Focus on strengthening performance, inclusion, and continuous learning to attract top talent [6] - Diversified Business Portfolio: Emphasis on growth opportunities in Asia and the U.S., while also investing in the Canadian market [6] - Empowering Customer Health, Wealth, and Longevity: Aiming to provide a differentiated value proposition through product innovation and partnerships [6] - AI-Powered Organization: Leveraging AI to enhance efficiency and customer experiences [6] - Superior Distribution: Optimizing channels to facilitate easier transactions for customers and advisors [6] Financial Targets - Manulife aims for a core return on equity (ROE) of over 18% by 2027, with cumulative remittances exceeding $22 billion from 2024 to 2027, and a core earnings contribution from Asia of 50% [4] Growth Opportunities - The company is launching the Manulife Longevity Institute with a $350 million commitment through 2030 to address gaps in retirement and health protection [8] - Manulife plans to expand its global footprint into India through a joint venture with Mahindra, enhancing its presence in key markets [9][10] Leadership Statements - The CEO emphasized the growth potential across the portfolio and the commitment to long-term value creation for stakeholders [5][11]