Manulife Financial Corp T.MFC.PR.F

Primary Symbol: T.MFC Alternate Symbol(s): MFC | MNQFF | T.MFC.PR.B | MNUFF | T.MFC.PR.C | T.MFC.PR.I | T.MFC.PR.J | T.MFC.PR.K | T.MFC.PR.L | T.MFC.PR.M | MNLCF | T.MFC.PR.N | T.MFC.PR.P | T.MFC.PR.Q

Financial Services Insurance - Diversified

Manulife Financial Corporation is a Canada-based international financial services provider. The Company provides financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Its segments include Wealth and asset management businesses, Insurance and annuity products, and Corporate and Other segment. Wealth and asset management businesses branded as Manulife Investment Management, provide investment advice and solutions to retirement, retail, and institutional clients. Insurance and annuity products include a variety of individual life insurance, individual and group long-term care insurance and guaranteed and partially guaranteed annuity products. Products are distributed through multiple distribution channels, including insurance agents, brokers, banks, financial planners and direct marketing. Corporate and Other segment comprise the investment performance of assets backing capital.

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Manulife Financial Corp

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Post by fishowlon May 12, 2022 1:59am

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Post# 34676662

Manulife reports 1Q22 net income of $3.0 billion

Manulife reports 1Q22 net income of $3.0 billion, core earnings of $1.6 billion, APE sales of $1.6 billion, and Global Wealth and Asset Management net inflows of $6.9 billion

Net income attributed to shareholders of $3.0 billion in 1Q22, up $2.2 billion from the first quarter of 2021 ("1Q21")
Core earnings 1 of $1.6 billion in 1Q22, down 4% on a constant exchange rate basis from 1Q21 2
LICAT ratio 3 of 140%
Core ROE 4 of 11.8% and ROE of 23.0% in 1Q22
NBV 5 of $513 million in 1Q22, down 14% 6 from 1Q21
APE sales 5 of $1.6 billion in 1Q22, down 9% from 1Q21
Global Wealth and Asset Management ("Global WAM") net inflows 5 of $6.9 billion in 1Q22, compared with net inflows of $1.4 billion in 1Q21
Global WAM average AUMA 5 increased by 8% in 1Q22 from 1Q21
Closed the U.S. variable annuity reinsurance transaction and released $2.4 billion of capital. 7 We commenced share buybacks under our Normal Course Issuer Bid ("NCIB"), and as of March 31, 2022 purchased for cancellation approximately 14.4 million common shares for $377 million
Embedded value 5 of $64.8 billion or $33.35 per share, as of December 31, 2021 , an increase of $3.7 billion from December 31, 2020