Strong Growth in Asia AP Sales
Asia AP sales increased 50%, reflecting strong customer demand and continued execution in the region.
Positive Net Flows in Global WAM
Global WAM generated positive net flows of $500 million despite market volatility, demonstrating resilience.
Core EPS Increase
Core EPS increased 3%, driven by momentum in Asia and Global WAM businesses and share buybacks.
Improved Balance Sheet and Capital Metrics
A strong LICAT ratio of 137% and leverage ratio of 23.9% indicate robust balance sheet management.
Record Growth in New Business Metrics
New business CSM and new business value grew by 31% and 36% respectively, driven by 37% growth in AP sales.
Core Earnings Growth in Global WAM
Global WAM achieved over 20% growth in pre-tax core earnings for the sixth consecutive quarter.
Strong Performance in Asia Segment
Asia segment recorded a 50% increase in AP sales and 7% growth in core earnings year-on-year.
Shareholder Returns
Returned over $1.2 billion of capital to shareholders through dividends and share buybacks during the quarter.