Manulife Financial (TSE:MFC) has released an update.
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Manulife Financial Corporation has reported a robust first quarter for 2024 with core earnings of $1.8 billion, marking a 16% increase from the previous year, and a significant core EPS growth of 20%. Despite a decline in net income attributed to shareholders, primarily due to a major reinsurance transaction, the company highlighted strong performance in its Global Wealth and Asset Management sector with $6.7 billion in net inflows. Manulife’s President & CEO, Roy Gori, expressed confidence in the company’s momentum and continued shareholder value generation.
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