CA - Manulife Financial Corporation (MFC) Q4 2024 Earnings Call Transcript
2025-02-20 11:59:40 ET
Manulife Financial Corporation (MFC)
Q4 2024 Earnings Conference Call
February 20, 2025 08:00 AM ET
Company Participants
Hung Ko - Vice President of Investor Relations
Roy Gori - President & Chief Executive Officer
Philip Witherington - President & Chief Executive Officer, Manulife Asia
Colin Simpson - Chief Financial Officer
Trevor Kreel - Chief Investment Officer
Paul Lorentz - President & CEO, Global Wealth and Asset Management
Marc Costantini - Global Head of Inforce Management
Steve Finch - Chief Actuary
Conference Call Participants
Meny Grauman - Scotiabank
Gabriel Dechaine - National Bank Financial
Alex Scott - Barclays Capital
Paul Holden - CIBC
Doug Young - Desjardins Capital Markets
Mario Mendonca - TD Securities
Lemar Persaud - Cormark Securities
Tom MacKinnon - BMO Capital Markets
Presentation
Operator
Good morning, ladies and gentlemen. Welcome to the Manulife Financial Fourth Quarter 2024 Results Conference Call.
I would like to turn the meeting over to Mr. Hung Ko. Please go ahead, Mr. Ko.
Hung Ko
Thank you. Welcome to Manulife’s earnings conference call to discuss our fourth quarter and full-year 2024 financial and operating results. Our earnings materials, including webcast slides for today's call are available on the Investor Relations section of our website at manulife.com.
Before we start, please refer to Slide 2 for a caution on forward-looking statements, and Slide 42 for notes on non-GAAP and other financial measures used in this presentation. Please note that certain material factors or assumptions applied in making forward-looking statements and actual results may differ materially from what is stated.
Turning to Slide 4. We'll begin today's presentation with Roy Gori, our President and Chief Executive Officer, who will provide a highlight of our full-year 2024 results and a strategic update. Following Roy, Phil Witherington, our incoming President and Chief Executive Officer will also provide some remarks, before we hand it over to Colin Simpson, our Chief Financial Officer, who will discuss company's financial and operating results in more detail. After their prepared remarks, we move to the live Q&A portion of the call.
With that, I'd like to turn the call over to Roy Gori, our President and Chief Executive Officer. Roy?
Roy Gori
Thanks, Hung, and thank you, everyone for joining us today. Yesterday, we announced our fourth quarter and full-year 2024 financial results. 2024 was a banner year for Manulife on many fronts and we continue the momentum and finished the year with very strong results. During 2024, we further accelerated the growth of our highest potential businesses. Led by Asia and Global WAM. Which contributed to 70% of our record core earnings that exceeded $7 billion for the first time. This is a 10 percentage point increase since 2023....
Manulife Financial Corporation (MFC) Q4 2024 Earnings Call Transcript