Manulife’s Asia segment records 22% YoY jump in FY 2025 net income

Asia’s new business value (NBV) was also up 10%.

Manulife’s full-year 2025 group net income increased by 2% year-on-year (YoY) to $4.1b (C$5.6b), whilst its Asia segment surged 22% YoY to $2.1b.

The group’s earnings per share climbed 6% YoY to $2.24 (C$3.07).

The region’s core earnings also jumped 18% YoY to $2.1b. Likewise, APE sales surged 18% YoY to $5.3b.

Asia’s new business value (NBV) for the quarter (Q4 2025) was up 10% YoY and new business contractual service margin (CSM) up 19% YoY, driven by a more favourable business mix, partially offset by lower sales volumes.

“Asia continues to be a core driver of growth for Manulife. This is supported by our robust, diversified distribution platform, holistic solutions across health, wealth and longevity, and leading digital and AI capabilities that enhance customer and distributor experience,” Steve Finch,

President and CEO, Manulife Asia, said in a media release.

“As we look ahead, we remain focused on executing our strategy to deliver high-quality, sustainable growth across a diversified business portfolio,” Finch added.

($1.00 = C$1.36)