Manulife Financial Reports 4Q Results, Shares Decline

Dow Jones

Feb 20, 2025

By Stephen Nakrosis

Manulife Financial reported earnings that were roughly in line with results from the prior year.

The financial services provider on Wednesday said fourth-quarter net income attributable to shareholders was C$1.638 billion ($1.15 billion), compared with C$1.659 billion reported a year earlier. Core earnings of C$1.9 billion beat the C$1.773 billion reported in the prior year.

The Toronto-based company posted earnings per share of C$0.88 and core EPS of C$1.03. Analysts were expecting core EPS of C$0.95 and EPS of $C0.95, according to FactSet. In the year-ago period, the company reported EPS of C$0.86 and core EPS of C$0.92.

Book value per common share was C$25.63, up from C$22.36 a year earlier. For 2024, Manulife Financial reported core earnings of C$7.226 billion.

Manulife's shares declined 3.7% to $28.69 in post-market trading following the results. The stock is up 24% in the last year.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

February 19, 2025 19:01 ET (00:01 GMT)

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The stock is up 24% in the  last year.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00945":"宏利金融-S","MFC":"宏利金融","BK4162":"人寿与健康保险","BK1184":"人寿与健康保险","BK4585":"ETF&股票定投概念","BK4588":"碎股"},"translate_title":"宏利财务公布第四季度业绩，股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MFC":1,"00945":0.9},"content_text":"By Stephen Nakrosis \n\n\n \n\n\n  Manulife Financial reported earnings that were roughly in line with results from the prior year. \n\n\n  The financial services provider on Wednesday said fourth-quarter net income attributable to shareholders was C$1.638 billion ($1.15 billion), compared with C$1.659 billion reported a year earlier. Core earnings of C$1.9 billion beat the C$1.773 billion reported in the prior year. \n\n\n  The Toronto-based company posted earnings per share of C$0.88 and core EPS of C$1.03. Analysts were expecting core EPS of C$0.95 and EPS of $C0.95, according to FactSet. 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