Manulife reports third quarter 2023 results

Tsx/nyse/pse: mfc sehk: 945            c$ unless otherwise stated toronto , nov. 8, 2023 /prnewswire/ - manulife financial corporation ("manulife" or the "company") reported its third quarter results for the period ended september 30, 2023, delivering double-digit growth in core earnings 1 , ape sales2 and new business value 2 .  key highlights for the third quarter of 2023 ("3q23") include: net income attributed to shareholders of $1.0 billion, up $0.2 billion from transitional net income attributed to shareholders1 in the third quarter of 2022 ("3q22") and up $0.5 billion compared with 3q22 net income attributed to shareholders core earnings of $1.7 billion, up 28% on a constant exchange rate basis 3  from 3q22 core eps 4  of $0.92, up 35%3 from $0.68 in 3q22, and eps of $0.52 in 3q23, up 31%3 compared with transitional eps4 of $0.38 in 3q22 and up 104%3 compared with eps of $0.23 in 3q22 licat ratio 5  of 137% "our strong operating and new business results this quarter were supported by growth in asia with a 33% increase in core earnings and 16% increase in new business csm3 year-over-year.
MFC Ratings Summary
MFC Quant Ranking