Manulife posts record core earnings for third quarter 2026
Manulife reported a core profit of $2.1 billion for the third quarter, reflecting a 4 percent increase year-over-year.
Manulife Financial Corporation announced its financial results for the third quarter of 2026 on November 4. The company achieved core earnings of $2.1 billion, representing a 4 percent increase compared to the third quarter of 2025, while core earnings per share rose 6 percent to $1.24.
Net income attributable to shareholders declined to $1.4 billion, a $0.4 billion decrease from the same period last year. Management attributed the quarterly performance to double-digit core earnings growth in Asia and steady contributions from the North American insurance divisions.
The firm's Global Wealth and Asset Management unit reported net outflows of $3.6 billion, an improvement compared to the $6.2 billion outflow observed in the third quarter of 2025. Manulife returned $1.3 billion to shareholders during the quarter.
CEO Phil Witherington stated that the results demonstrate the firm's ability to maintain growth despite market uncertainty. The company reported a LICAT ratio of 136 percent, maintaining its position within capital adequacy targets.