Manulife’s Asia unit records earnings rise in Q3 2025

Annualised premium equivalent (APE) sales rose 5% to $1.45b. 

Manulife’s Asia segment saw its net income attributable to shareholders climb 7% year-on-year (YoY) to $649m, whilst core earnings rise 29% YoY to $550m in the third quarter (Q3 2025).

The company said the performance was driven by business growth, favourable impacts from its annual assumption review, better insurance experience, and a release of expected credit loss provisions compared with an increase in the same period last year.

Annualised premium equivalent (APE) sales rose 5% to $1.45b. 

New business contractual service margin (CSM) increased 18% to $516m, whilst new business value (NBV) grew 7% to $490m. 

Manulife said the gains were supported by higher sales volumes in Asia (excluding Hong Kong and Japan) and an improved product mix.