Manulife Boosts Dividend by 10%, Reports $1.5 Billion Quarterly Earnings
Manulife Financial Corp. has posted significant financial results for the fourth quarter, reporting a net income of $1.5 billion attributed to shareholders. This figure indicates a decrease from $1.64 billion during the same period last year. Despite this drop in net income, the company has increased its dividend by over 10%, now set at 49 cents per common share.
Quarterly Earnings Overview
On a per share basis, Manulife’s earnings for the quarter amounted to 83 cents, showing a decline of approximately six percent from 88 cents the previous year. In contrast, the insurer’s adjusted earnings, often referred to as core earnings, reached $2 billion in the fourth quarter. This is a five percent increase compared to $1.9 billion in the same quarter last year.
Segment Performance
- Asia Segment: Core earnings reached US$564 million.
- Canada Segment: Core earnings totaled US$413 million.
Both segments showed slight improvements compared to the prior year, highlighting Manulife’s resilient performance across its operations.
CEO’s Outlook
Phil Witherington, the CEO of Manulife, stated that 2025 marked a defining year for the company. He emphasized that this period saw the company achieving record core earnings, positioning it favorably for future growth.
Conclusion
With an enhanced dividend policy and strong core earnings, Manulife Financial Corp. remains committed to delivering value to its shareholders while focusing on sustainable practices and strategic growth.
