Inve US ▾
MFMFC

Manulife (MFC) Q3 FY25 earnings call

Earnings call· Sep 2025 (Q3 FY25)· Financials· Nov 13, 2025

Source: earnings call transcript

Manulife delivered strong Q3 FY25 results, marked by record core earnings and robust insurance new business growth, while unveiling a refreshed strategy focused on balanced growth across Asia, Global WAM, Canada, and the U.S. The company aims to leverage AI and strategic partnerships, including a new India JV, to drive sustainable long-term growth and achieve its 2027 financial targets, despite facing net outflows in Global WAM and elevated U.S. claims.

You’re reading a preview. Opening the full call uses 1 concall credit.

Sign in to use your monthly call allowance.

MFC operating KPIs by quarter

MFC operating KPIs stated on its earnings calls, by fiscal quarter
KPI Jun 2025 Q2 FY25This call Sep 2025 Q3 FY25Change vs prior quarter
LICAT ratio
136% Our balance sheet remains strong and provides financial flexibility with a strong LICAT ratio of 136% and a leverage ratio that is well below our 25% target. Source: earnings call transcript
138% Our balance sheet remains strong with a LICAT ratio of 138% and a leverage ratio of 22.7% and we generated another quarter of book value per share growth with an increase of 7% from the prior year while continuing to return a significant amount of capital to shareholders. Source: earnings call transcript
+2 pt
Financial leverage ratio
23.6% Our LICAT capital ratio remained strong at 136%, and our financial leverage ratio was 23.6%, continuing to stay well below our 25% medium-term target. Source: earnings call transcript
22.7% Our balance sheet remains strong with a LICAT ratio of 138% and a leverage ratio of 22.7% and we generated another quarter of book value per share growth with an increase of 7% from the prior year while continuing to return a significant amount of capital to shareholders. Source: earnings call transcript
-0.9 pt

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.