Manulife Reports Third Quarter 2026 Results
PR Newswire•04/11/2026•17:05 ET
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Key Highlights
- ➤Core earnings $2.1 billion, up 4% on a CER basis year over year
- ➤Core EPS $1.24, up 6% from 3Q25, while EPS fell 21%
- ➤Net income $1.4 billion, down $0.4 billion from 3Q25
- ➤Asia core earnings increased 17%, driving continued regional momentum
- ➤US$5.4 billion Comvest Credit Partners VII fundraise marked the platform’s largest
Expert Statements
Phil Witherington, President & Chief Executive Officer of Manulife
“We delivered strong third quarter results, achieving record core EPS and 17.8% core ROE, driven by double-digit core earnings growth in Asia and meaningful contributions from our North American insurance businesses. These results reflect the disciplined execution of the strategy we launched a year ago and our ability to deliver sustained growth in an uncertain environment.”
Phil Witherington, President & Chief Executive Officer of Manulife
“During the quarter, we expanded customer choice through enhanced investment and protection offerings, completed Manulife | Comvest's largest fundraise in the history of Comvest's private credit platform, scaled AI-enabled capabilities that are delivering measurable outcomes for customers and advisors, and advanced new health and longevity solutions and partnerships. Together, these actions are strengthening our competitive position, deepening customer relationships, and creating long-term value for shareholders.”
Colin Simpson, Chief Financial Officer of Manulife
“We remained disciplined in our capital deployment during the quarter, returning $1.3 billion to shareholders while maintaining a strong balance sheet, with a LICAT ratio of 136% and a financial leverage ratio below our medium-term target. In addition, we completed our annual review of actuarial methods and assumptions, resulting in a net favourable impact and reinforcing the robustness of our reserves.”
Colin Simpson, Chief Financial Officer of Manulife
“As we continue to invest in growth across our businesses, we also further improved our expense efficiency during the quarter. Our financial flexibility and consistent execution position us well to sustain long-term value creation.”
TORONTO, Nov. 4, 2026 /PRNewswire/ -- Manulife Financial Corporation ("Manulife" or the "Company") reported its third quarter results for the period ended September 30, 2026, delivering record core earnings(1) and continued strong momentum in Asia.
Key highlights for the third quarter of 2026 ("3Q26") include:
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