Manulife Asia records $520m Q2 2025 core earnings

It also reported a 34% YoY increase in new business contractual service margin.

Manulife Asia posted record core earnings of $520m in the second quarter of 2025, up 13% year-on-year (YoY), supported by continued growth across its key markets. 

The increase came despite a higher expected credit loss provision compared to the same period last year.

Annualised premium equivalent (APE) sales rose 31% YoY to $1.23b, led by broad-based growth in Hong Kong across all distribution channels, and supported by contributions from mainland China and Singapore. 

The company also reported a 34% YoY increase in new business contractual service margin (CSM) to $480m and a 28% YoY rise in new business value (NBV) to $451m. 

The NBV margin held steady at 40%.

Manulife also reported a 23% YoY increase in Million Dollar Round Table (MDRT) members in Asia.

Manulife Asia CEO Steve Finch said the company will continue to scale its digital and distribution capabilities to support long-term growth across the region.