Core Insights - Manulife Financial Corporation reported record core earnings of $2.0 billion for the third quarter of 2025, reflecting a 10% increase compared to the same period in 2024 [6][20] - The company achieved a core EPS of $1.16, up 16% year-over-year, and net income attributed to shareholders was $1.8 billion, consistent with the previous year [4][21] - The strong performance was driven by growth across its Asia, Global Wealth and Asset Management (WAM), and Canada segments, with new business momentum continuing [2][23] Financial Performance - Core earnings increased by 10% year-over-year, with a core ROE of 18.1% and a LICAT ratio of 138% [3][6] - APE sales rose by 8%, new business CSM increased by 25%, and NBV grew by 11% compared to the third quarter of 2024 [6][24] - Global WAM experienced net outflows of $6.2 billion, contrasting with net inflows of $5.2 billion in the same quarter last year [6][24] Segment Performance - Asia's core earnings rose by 29%, driven by business growth and improved insurance experience [23][36] - Canada saw a 4% increase in core earnings, supported by higher investment spreads and favorable insurance experience [23][36] - The U.S. segment reported a 20% decrease in core earnings, primarily due to unfavorable life insurance claims experience [23][36] Strategic Developments - Manulife completed the acquisition of Comvest Credit Partners, enhancing its private credit capabilities [9] - The company also agreed to acquire Schroders Indonesia, reinforcing its position as the largest asset manager in Indonesia [10] - A joint venture with Mahindra & Mahindra Ltd. was established to enter the Indian insurance market, expanding Manulife's global footprint [11] Customer Experience Innovations - The launch of the Manulife AI Assistant in Hong Kong aims to improve customer service through AI-powered solutions [12] - An enhanced online application form for life and health insurance in Canada aims to streamline processes and improve advisor efficiency [13] - The introduction of a GenAI-powered coaching tool for insurance advisors is designed to enhance customer service and sales outcomes [14] Recognition and Ratings - Manulife was included in the TIME World's Best Companies 2025 List, highlighting its employee satisfaction, revenue growth, and sustainability transparency [8] - The company received an upgrade from MSCI, moving from AA to AAA in its ESG rating, reflecting strong governance and sustainability management [8]