Manulife reports 3Q20 net income of $2.1 billion, core earnings of $1.5 billion, APE sales of $1.4 billion, and a strong LICAT capital ratio of 155%

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Manulife Financial (MFC) Tops Q3 EPS by 23c

November 11, 2020 5:16 PM EST

Manulife Financial (NYSE: MFC) reported Q3 EPS of $0.73, $0.23 better than the analyst estimate of $0.50.

Net income attributed to shareholders of $2.1 billion in 3Q20, up $1.3 billion from 3Q19Core earnings1 of $1.5 billion in 3Q20, down 6%2 from 3Q19Strong LICAT ratio3 of 155%Core ROE1 of 11.4% and ROE of 16.4% in 3Q20NBV1 of $460 million in 3Q20, down 14% from 3Q19APE sales1 of $1.4 billion in 3Q20, down 2% from 3Q19Global WAM net outflows1 of $2.2 billion in 3Q20... More