MANULIFE-S (00945) released its second-quarter results, with core earnings of CAD 1.9 billion, an increase of 12% year-on-year.

MANULIFE-S (00945) announced its second quarter results for the period ending June 30, 2026, reporting core earnings of CAD 1.9 billion, which represents a 12% increase compared to the second quarter of 2025, based on fixed exchange rates; net income attributable to shareholders was CAD 2.1 billion, an increase of CAD 300 million from the second quarter of 2025; core EPS was CAD 1.09, up 16% from the second quarter of 2025; EPS was CAD 1.20, a 22% increase from the second quarter of 2025; core ROE was 16.3%, while ROE was 18.0%; the "Life Insurance Capital Adequacy Test" (LICAT) ratio stood at 136%. "Manulife's second quarter performance was strong, as we rigorously executed our strategies and continued to advance our strategic priorities. Core EPS grew by 16% year-over-year, with all three major insurance segments recording double-digit revenue growth, highlighting the strength of our diversified business portfolio. Core earnings in Asia increased by 21%, and three newly established business metrics also achieved double-digit increases; the profit margins for our global wealth and asset management business expanded, and we saw net inflows, with the recently acquired CQS and Comvest businesses making strong contributions. Manulife continues to strengthen its distribution capabilities and drive product innovation, including the launch of a new insurance program for high-net-worth clients, the expansion of our global wealth and asset management business with ETF-based investment solutions, and the establishment of a new financial advisor network in the United States. We are also accelerating the integration of AI across our operations to enhance the experience for clients and distribution partners, improve operational efficiency, and create substantial value. Recent industry accolades validate our leadership in AI and our capacity to extend innovative outcomes across our global business. The long-term care reinsurance transaction announced today will further reduce our risk profile, reflecting our ongoing efforts to enhance business strength through innovation. We are well-positioned to continue executing our established strategies and achieve long-term, sustainable growth.