Ge Long Hui·2026-02-12 00:14Core Viewpoint - Manulife Financial reported record core earnings and insurance new business performance for the year ending December 31, 2025, with a 10.2% increase in common stock dividends [1] Financial Performance - For 2025, core earnings reached CAD 7.5 billion, a 3% increase from 2024 on a constant currency basis [1] - Q4 2025 core earnings were CAD 2 billion, up 5% compared to Q4 2024 [1] - Net income attributable to shareholders for 2025 was CAD 5.6 billion, an increase of CAD 200 million from 2024 [1] - Q4 2025 net income attributable to shareholders was CAD 1.5 billion, down CAD 100 million from Q4 2024 [1] - Core EPS for 2025 was CAD 4.21, an 8% increase from 2024 [1] - Q4 2025 core EPS was CAD 1.12, a 9% increase from Q4 2024 [1] Return on Equity (ROE) and Sales Performance - The core ROE for 2025 was 16.5%, while the ROE for the same year was 12.0% [2] - Q4 2025 core ROE was 17.1%, and the ROE was 12.7% [2] - APE sales for 2025 increased by 14% compared to 2024, while new business CSM rose by 28% and new business value increased by 18% [2] - APE sales for Q4 2025 decreased by 1% compared to Q4 2024, with new business CSM up by 21% and new business value up by 8% [2] Strategic Initiatives - The CEO highlighted 2025 as a significant year for the company, achieving record core earnings and executing targeted strategic investments [3] - The company recorded over 20% growth in new business CSM across all insurance segments, establishing a solid foundation for future profitability [3] - Strategic actions included acquiring Comvest Credit Partners, forming a joint venture with Mahindra for the Indian life insurance market, and establishing a high-net-worth client office in Dubai [3] - The company was recognized as the leading life insurer in AI maturity and responsible innovation, reflecting its commitment to becoming an AI-driven enterprise [3] - Looking ahead to 2026, the company aims to leverage its diverse business portfolio and strong execution capabilities to achieve sustainable long-term growth despite macroeconomic uncertainties [3]