Manulife Asia Q3 2024 net income surges nearly ten-fold

The group bagged a Q3 2024 net income of $1.8b.

Manulife’s Asia segment saw its net income attributable to shareholders skyrocket 877% year-on-year (YoY) in the third quarter (Q3 2024) to $606m.

In the nine months to September, its net income also surged 136% YoY to $1.3b.

The region’s annual premium sales, likewise, also climbed 64% YoY to $1.4b.

Overall, the group bagged a Q3 2024 net income of $1.8b, 82% higher YoY.

“We remain focused on executing against our strategic priorities and delivering on our financial targets to bring a strong close to 2024, and I am optimistic in our ability to continue generating value to our shareholders,” Roy Gori, Manulife president & chief executive officer, said in a statement.