MFC - Manulife Financial (MFC) Q1 2025 Earnings Call Transcript
2025-05-08 11:25:21 ET
Manulife Financial Corporation (MFC)
Q1 2025 Earnings Conference Call
May 8, 2025 8:00 am ET
Company Participants
Roy Gori - President, Chief Executive Officer (outgoing)
Phil Witherington - Chief Executive Officer (incoming)
Colin Simpson - Chief Financial Officer
Brooks Tingle - President, Chief Executive Officer, John Hancock
Marc Costantini - Global Head of Inforce Management
Steve Finch - Chief Actuary
Trevor Kreel - Chief Investment Officer
Hung Ko - Vice President, Investor Relations
Conference Call Participants
John Aiken - Jefferies
Doug Young - Desjardins Capital Markets
Gabriel Dechaine - National Bank Financial
Tom MacKinnon - BMO Capital Markets
Paul Holden - CIBC
Meny Grauman - Scotiabank
Mario Mendonca - TD Securities
Lemar Persaud - Cormark Securities
Presentation
Operator
Good morning ladies and gentlemen, and welcome to the Manulife Financial first quarter 2025 financial results conference call.
I would now like to turn the meeting over to Mr. Hung Ko. Please go ahead, sir.
Hung Ko
Thank you. Welcome to Manulife’s earnings conference call to discuss our first quarter 2025 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 34 for a note on non-GAAP and other financial measures used in this presentation. Please note that certain material factors or assumptions are 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 first quarter 2025 results and strategic update. Following Roy, Colin Simpson, our Chief Financial Officer, will discuss the company’s financial and operating results in more detail, before we hand it back over to Roy for closing remarks. After their prepared remarks, we’ll move to the live Q&A portion of the call.
Before I pass over to Roy, I’d like to take this opportunity to acknowledge that this will be his last earnings call with us as CEO. I would like to thank him for his leadership in transforming Manulife during his tenure.
With that, I’d like to turn the call over to Roy.
Roy Gori
Thanks Hung, and thank you everyone for joining us today.
Yesterday, we announced our first quarter 2025 financial results. We delivered strong first quarter results and maintained the momentum that we built through 2024. We generated strong growth across our top line metrics for each of our insurance segments. Of note, Asia AP sales increased 50%, reflecting strong customer demand and continued execution in the region. Global WAM once again generated positive net flows, a solid result given the increased market volatility. Core EPS increased 3%, reflecting the continued momentum in our Asia and Global WAM businesses as well as the impact of share buybacks. ...
Manulife Financial (MFC) Q1 2025 Earnings Call Transcript