Manulife Asia unit net income leaps to $2b in FY 2024

EPS ended at $2.84.

Manulife’s full-year (FY 2024) net income attributable to shareholders increased by 5% year-on-year (YoY) to $5.4b, whilst it’s Asia segment also surged 71% YoY to $1.7b.

The group’s earnings per share (EPS) for the year ended at $2.84, up 8% YoY.

Additionally, the region’s core earnings also surged 27% YoY to $2b. APE sales, new business CSM, and NVB all jumped by 36% YoY, 38% YoY, and 35% YoY, respectively. This was “driven by broad-based growth across Asia, led by Hong Kong.”

“2024 was a banner year for Manulife on many fronts and we finished the year with very strong results. We delivered record insurance new business results for the full year, including 30%+ increases year-over-year across APE sales,” Roy Gori, Manulife President & Chief Executive Officer, said in a statement.

Follow the link s for more news on

Manulife

Financial Statements

insurance

Also Read

Fitch Ratings forecasts more insurance sector regulations

Hong Kong underwriting flexibility rises amidst competition: Aon

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit