(Corrects currency to C$ from $ in bullets 1 and 3 of Overview)

Overview

* Manulife Q3 core earnings rise 10% yr/yr to C$2.0 bln, beating analyst expectations

* Core EPS for Q3 beats analyst expectations, reflecting strong operational performance

* Global WAM sees C$6.2 bln net outflows in Q3, compared to C$5.2 bln inflows in 3Q24

Outlook

* Manulife to acquire PT Schroder Investment Management Indonesia to strengthen its market position

* Company plans joint venture with Mahindra & Mahindra to enter Indian insurance market

* Manulife enhances private credit capabilities with Comvest Credit Partners acquisition

Result Drivers

* ASIA GROWTH - Core earnings in Asia rose 29% due to business growth, actuarial review impacts, and improved insurance experience

* GLOBAL WAM PERFORMANCE - Core earnings in Global WAM increased 9% driven by higher net fee income and performance fees

* U.S. NEW BUSINESS - U.S. saw strong new business growth with APE sales up 51% and new business CSM up 104%

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Core Beat C$1.16 C$1.05

EPS (10

Analysts

)

Q3 EPS C$1.02

Q3 Core Beat C$2.04 C$1.80

earnings bln bln (4

Analysts

)

Q3 Core 18.10%

ROE

Q3 ROE 16.00%

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)