Manulife posts strong Q1 2026 earnings with double-digit EPS and new business growth
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Manulife Financial ( (TSE:MFC) ) has shared an update.
Manulife Financial reported first-quarter 2026 results for the period ended March 31, 2026, highlighted by core earnings of $1.8 billion, up 8% year over year on a constant exchange rate basis, and net income of $1.1 billion, up $0.7 billion from a year earlier. Earnings per share rose sharply, with core EPS up 11% to $1.06 and EPS up 178% to $0.65, while return on equity improved to 10.1% and core ROE to 16.5%, supported by a LICAT capital ratio of 136% and a 6% rise in adjusted book value per share.
Insurance growth was broad-based, with annualized premium equivalent sales up 7%, new business contractual service margin up 16% and new business value up 7%, driven particularly by Asia’s 22% core earnings growth and double-digit new business metrics. Global Wealth and Asset Management showed stronger margins, higher gross flows and higher average assets under management and administration despite $4.4 billion of net outflows, as Manulife advanced AI-driven efficiency initiatives, integrated recent acquisitions including Schroders Indonesia and Comvest, and continued to return significant capital to shareholders through dividends and share buybacks.
The most recent analyst rating on (TSE:MFC) stock is a Buy with a C$61.00 price target. To see the full list of analyst forecasts on Manulife Financial stock, see the TSE:MFC Stock Forecast page.
Spark’s Take on MFC Stock
According to Spark, TipRanks’ AI Analyst, MFC is a Outperform.
The score is driven primarily by improving fundamentals (recovered profitability, moderate leverage, stronger cash generation) and a constructive earnings-call outlook with solid capital returns and reaffirmed 2027 targets. This is moderated by mixed technical momentum (negative MACD, elevated stochastic) and some execution/volatility risks flagged on the call (Global WAM outflows and U.S. earnings pressure).
To see Spark’s full report on MFC stock, click here.
More about Manulife Financial
Manulife Financial Corporation is a Canada-based global financial services group operating in insurance, wealth and asset management, and related financial products. Through segments in Asia, Canada, the U.S. and Global Wealth and Asset Management, it offers life and health insurance, retirement and investment solutions, with a growing focus on Asian markets and institutional asset management worldwide.
Average Trading Volume: 6,159,549
Technical Sentiment Signal: Buy
Current Market Cap: C$91.92B
For an in-depth examination of MFC stock, go to TipRanks’ Overview page.
