Manulife Financial Corp.'s office tower in Toronto in February, 2020. CEO Phil Witherington says 2025 was a defining year for the company.Cole Burston/The Canadian Press
Manulife Financial Corp. MFC-T reported $1.5-billion in net income attributed to shareholders in the fourth quarter, down from $1.64-billion during the same period a year earlier.
The insurer also increased its dividend by just over 10 per cent to 49 cents per common share.
On a per share basis, its earnings for the quarter amounted to 83 cents, down about six per cent year-over-year from 88 cents.
The insurer says adjusted earnings, or what it calls core earnings, came in at $2-billion during the fourth quarter, rising five per cent from $1.9-billion a year earlier.
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Core earnings for Manulife’s Asia segment came in at US$564-million during the period, while core earnings for its Canada segment came in at $413-million. Both results were slightly better than a year earlier.
Manulife CEO Phil Witherington says 2025 was a defining year for the company as it achieved record core earnings.