Manulife Financial Corporation (MFC) on Wednesday reported first-quarter results with profit rising sharply from last year.
Net income attributed to shareholders jumped to $1.15 billion in the first quarter of 2026 from $485 million in the same period last year. Earnings per share increased to $0.65 from $0.25.
Core earnings rose to $1.84 billion from $1.77 billion, while core earnings per share improved to $1.06 from $0.99.
Annual premium equivalent sales increased to $2.82 billion from $2.69 billion.
MFC is currently trading after hours at $38.87, down $0.98 or 2.46 percent on the New York Stock Exchange.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.