Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; And Corporate and Other segments. The Wealth and Asset Management Businesses segment provides mutual funds and exchange-traded funds, group retirement and savings products, and institutional asset management services through agents and brokers affiliated with the company, securities brokerage firms, and financial advisors pension plan consultants and banks. The Insurance and Annuity Products segment offers deposit and credit products; individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in property and casualty insurance and reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. It also manages timberland and agricultural portfolios; and engages in insurance agency, portfolio and mutual fund management, mutual fund dealer, life, annuity, long-term care, and financial reinsurance; and fund management businesses. Additionally, the company holds and manages provides investment management, counseling, advisory, and dealer services. Manulife Financial Corporation was incorporated in 1887 and is headquartered in Toronto, Canada.

Manulife Financial Corporation

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CapEx

Net Interest Income

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Average Assets

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Asia Net Income Before Taxes

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Canada Net Income Before Taxes

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US Net Income Before Taxes

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Global Wealth and Asset Management (WAM) Net Income Before Taxes

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Corporate and Other Net Income Before Taxes

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Total EBT by Geography

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EBT by Geography

Asia Assets Under Management (AUM)

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Canada Assets Under Management (AUM)

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US Assets Under Management (AUM)

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Global Wealth and Asset Management (WAM) Assets Under Management (AUM)

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Corporate and Other Assets Under Management (AUM)

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Assets Under Administration (AUA)

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Asia Annualized Premium Equivalent (APE) Sales

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Canada Annualized Premium Equivalent (APE) Sales

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US Annualized Premium Equivalent (APE) Sales

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Asia Expense Efficiency Ratio

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Global Wealth and Asset Management (WAM) Expense Efficiency Ratio

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Key Performance Indicators

Asia Net Income

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Canada Net Income

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US Net Income

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Global Wealth and Asset Management (WAM) Net Income

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Corporate and Other Net Income

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Total Net Income by Geography

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Net Income by Geography

Asia Revenue

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Canada Revenue

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US Revenue

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Global Wealth and Asset Management (WAM) Revenue

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Corporate and Other Revenue

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Revenue by Geography

Insurance Revenue

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Net Investment Income (Post-FY2022 Reporting)

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Other Segment Revenue (Post-FY2022 Reporting)

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Other Revenue

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Total Revenue

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Net Premium Revenue

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Other Segment Revenue (Pre-FY2023 Reporting)

Other Segment Revenue (Pre-FY2023 Reporting) % Chg.

Other Segment Revenue (Pre-FY2023 Reporting) Common Size

Net Investment Income (Pre-FY2023 Reporting)

Net Investment Income (Pre-FY2023 Reporting) % Chg.

Net Investment Income (Pre-FY2023 Reporting) Common Size

Revenue by Geography	LTM	Dec '24	Dec '23
Asia Revenue	16,690	13,641	11,996
Canada Revenue	15,420	14,624	13,793
US Revenue	17,454	16,279	15,322
Global Wealth and Asset Management (WAM) Revenue	7,198	6,698	5,896
Corporate and Other Revenue	1,664	2,049	1,732
Other Revenue by Geography	1,320	1,348	1,297
Total Revenue by Geography	59,746	54,639	50,036

Revenue	LTM	Dec '24	Dec '23
Insurance Revenue	28,308	26,592	23,972
Net Investment Income (Post-FY2022 Reporting)	22,133	19,111	18,021
Other Segment Revenue (Post-FY2022 Reporting)	7,985	7,588	6,746
Other Revenue	1,320	1,348	1,297
Total Revenue	59,746	54,639	50,036

Revenue	LTM	Dec '24	Dec '23
Net Premium Revenue	—	—	—
Other Segment Revenue (Pre-FY2023 Reporting)	—	—	—
Net Investment Income (Pre-FY2023 Reporting)	—	—	—
Other Revenue	—	—	—
Total Revenue	59,746	54,639	50,036

EBT by Geography	LTM	Dec '24	Dec '23
Asia Net Income Before Taxes	4,011	3,197	2,244
Canada Net Income Before Taxes	1,961	1,679	1,609
US Net Income Before Taxes	-697	132	751
Global Wealth and Asset Management (WAM) Net Income Before Taxes	2,128	1,747	1,497
Corporate and Other Net Income Before Taxes	-101	335	351
Total EBT by Geography	7,302	7,090	6,452

Net Income by Geography	LTM	Dec '24	Dec '23
Asia Net Income	3,342	2,737	1,804
Canada Net Income	1,546	1,326	1,236
US Net Income	-505	135	639
Global Wealth and Asset Management (WAM) Net Income	1,835	1,599	1,299
Corporate and Other Net Income	-46	81	629
Total Net Income by Geography	6,172	5,878	5,607

Key Performance Indicators	LTM	Dec '24	Dec '23
Asia Assets Under Management (AUM)	215,990	195,212	169,287
Canada Assets Under Management (AUM)	152,626	145,240	147,541
US Assets Under Management (AUM)	203,014	214,273	202,544
Global Wealth and Asset Management (WAM) Assets Under Management (AUM)	856,684	808,471	667,117
Corporate and Other Assets Under Management (AUM)	24,891	22,157	20,226
Total Assets Under Management (AUM)	1,453,205	1,385,353	1,206,715
Assets Under Administration (AUA)	241,359	222,614	182,046
Asia Annualized Premium Equivalent (APE) Sales	7,393	6,073	4,469
Canada Annualized Premium Equivalent (APE) Sales	1,586	1,689	1,409
US Annualized Premium Equivalent (APE) Sales	764	623	562
Total Annualized Premium Equivalent (APE) Sales	9,743	8,385	6,440
Asia Expense Efficiency Ratio	—	29.9%	32.8%
Canada Expense Efficiency Ratio	—	41.2%	41.6%
US Expense Efficiency Ratio	—	24.5%	24.5%
Global Wealth and Asset Management (WAM) Expense Efficiency Ratio	—	61.8%	65.3%
Total Expense Efficiency Ratio	—	44.8%	45.5%