Manulife to host "Investor Day" in Asia

Event to showcase company's strategic growth in the region

Manulife to host "Investor Day" in Asia

Life & Health

By Roxanne Libatique

Manulife Financial Corporation (Manulife) is set to hold its Investor Day in Hong Kong and Jakarta from June 25-27, targeting institutional investors and research analysts.

The sessions will focus on the company's strategic direction, operational transformation, and expansion efforts in Asia, featuring comprehensive insights into specific Asian markets.

Manulife Asia's financial performance

In a related announcement, Manulife Asia disclosed a significant uptick in its performance metrics for the fourth quarter (Q4) of 2023 and the year overall. This includes growth in annualised premium equivalent (APE) sales, core earnings, and new business value through contractual service margin (CSM).

For Q4 and the full year, Manulife Asia reported a 14% and 11% increase in core earnings, totalling US$414 million and US$1.5 billion, respectively. This compares favourably to the 2022 figures.

Similarly, APE sales witnessed an 11% rise in Q4 and a 15% increase for the entire year, reaching US$731 million and US$3.3 billion, respectively. These gains primarily stem from robust sales in Hong Kong, Mainland China, and Singapore, despite downturns in Vietnam and Japan. This performance highlights Manulife's strengthening foothold in the Asian market and its substantial role in the company's global operations.

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