Manulife (MFC) Q1 Earnings Top Estimates, APE Sales Rise Y/Y
MANULIFE(MFC) Zacks Investment Research·2024-05-10 01:21
Manulife Financial Corporation (MFC) delivered first-quarter 2024 core earnings of 70 cents per share, which beat the Zacks Consensus Estimate by 6.1%. The bottom line increased 20.7% year over year. Core earnings of $1.3 billion (C$1.8 billion) improved 16% year over year. This reflects strong business growth across its insurance businesses and higher fee income in Global WAM, driven by favorable market impact and positive net flows.New business value (NBV) in the reported quarter was $488 million (C$669 m ...