MFC Earnings Prediction
The chart below shows how MFC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MFC sees a -0.38% change in stock price 10 days leading up to the earnings, and a +2.43% change 10 days following the report. On the earnings day itself, the stock moves by -0.27%. This data can give you a slight idea of what to expect for the next quarter's release.
MFC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
9.87B
17.75%
12.13%
Gross Margin
--
--
--
Operating Margin
28.98%
46.14%
31.49%
Net Margin
20.94%
43.23%
62.83%
EPS
1.00
92.31%
92.31%
No Data Available
MFC Earnings Analysis
Manulife Financial Corp. Corporation (MFC.N) Earnings Conference Call
Positive
APE Sales Surge: 1. Record APE Sales Growth: Manulife achieved a remarkable 40% increase in Annualized Premium Equivalent (APE) sales, driven by strong performance in Asia, particularly in Hong Kong, which saw an 83% increase in new business value.
Core Earnings Growth Highlights: 2. Significant Core Earnings Growth: The company reported a solid core earnings growth of 4%, with Asia contributing a notable 17% growth and Global Wealth and Asset Management (WAM) achieving a 37% increase in core earnings.
Global WAM Net Flows: 3. Strong Net Flows in Global WAM: Manulife generated over $5 billion in net flows in Global WAM, marking positive contributions from all business lines and regions, and achieving over $12 billion in net flows year-to-date for 2024.
Book Value Increase: 4. Robust Book Value Growth: Adjusted book value per share grew by 14% year-over-year, reaching $34.97, despite returning nearly $5 billion of capital to shareholders through dividends and share buybacks.
Customer Satisfaction Excellence: 5. High Customer Satisfaction Metrics: The company's Net Promoter Score (NPS) reached an all-time high of 25, reflecting improved customer satisfaction and engagement, alongside a straight-through processing rate exceeding the 2025 target of 88%.
Negative
Global Minimum Tax Impact: 1. Core Earnings Impacted by Global Minimum Taxes: The core earnings growth was negatively impacted by a $61 million charge due to global minimum taxes, reducing the growth rate by approximately 3 percentage points.
U.S. Segment Core Earnings Decline: 2. Decreased Core Earnings in U.S. Segment: Core earnings in the U.S. segment decreased by 8% year-over-year, primarily due to lower investment spreads and reduced earnings from the Global Atlantic reinsurance transaction.
Long-Term Care Insurance Loss: 3. Negative Experience in Long-Term Care Insurance: The long-term care insurance segment reported a loss driven by low mortality rates, which negatively impacted claims gains, marking a deviation from previous positive trends.
Reserve Reduction Impact: 4. Actuarial Review Resulted in Reserve Reductions: The annual review of actuarial models led to a $174 million reduction in pre-tax fulfillment cash flows, indicating a negative adjustment in reserves.
New Business Margin Decline: 5. Decline in New Business Value Margins: New business value margins in Hong Kong dropped to 42%, down from a typical 60%, reflecting a shift in consumer demand towards savings solutions over higher-margin health and protection products.
MFC FAQs
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MFC Earning Call Sentiment
Manulife Financial Corporation (MFC) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MFC.N
-0.69%Positive
The earnings call highlights strong financial performance with significant growth in APE sales, core earnings, and new business value, particularly in Asia. The company is making progress towards its core ROE target and has a strong LICAT ratio. Share buybacks and capital returns are substantial, supporting shareholder value. While there are some regulatory and real estate risks, these are overshadowed by positive developments. The Q&A indicates stable business outlook and no major negative impacts expected from political or economic factors. Overall, the sentiment is positive, suggesting a potential stock price increase of 2% to 8%.