Zhi Tong Cai Jing·2025-11-13 01:20Core Insights - Manulife Financial has announced a business strategy optimization aimed at reinforcing its core strategies and enhancing its competitive advantages, focusing on becoming the preferred choice for customers [1][2] - The company is well-positioned to seize opportunities in a rapidly changing operational environment, with a diverse global business and strong employee cohesion [1] - Manulife aims to achieve a core ROE target of 18% or higher by 2027, with cumulative capital returns exceeding CAD 22 billion from 2024 to 2027, and increasing core profit contribution from Asia to 50% [1] Strategic Initiatives - The introduction of five innovative and enhanced core strategies is set to drive sustainable growth, based on a solid foundation while embracing necessary innovations [2] - Key strategic focuses include building an excellent team and culture, diversifying the business portfolio, assisting clients in achieving health, wealth, and longevity, becoming an AI-driven enterprise, and enhancing distribution capabilities [2] - Cost efficiency and business portfolio optimization remain crucial to the company's operations, with expectations of steady business growth and improved shareholder returns [2] Market Expansion - Manulife is expanding its global footprint by entering high-growth economies, specifically targeting India through a joint venture with Mahindra, a trusted partner in asset management [3] - This collaboration allows Manulife to establish a presence in one of the fastest-growing insurance markets, further solidifying its growth in the world's three most influential economies [3]