Manulife: The Market Punished The Wrong Q1

Manulife stock sold off almost 6% after Q1 2026 earnings on a single line item, while its Asia core earnings grew 22% and NBV 15%. The residual income valuation model anchored on Damodaran's industry beta puts intrinsic value at C$76 vs. C$52; on per-name beta, roughly fair. MFC's reported P/B of 2.0x ignores C$25.6B of net CSM. On adjusted book value, MFC trades at 1.3x.

Seeking Alpha • May 27, 2026

Manulife Financial Corporation to Issue S$500 million 2.880% Subordinated Notes Due 2036

C$ unless otherwise stated                                                         TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO, May 26, 2026 /PRNewswire/ - Manulife Financial Corporation ("Manulife") announced today that it has priced an offering in Singapore of S$500 million principal amount of 2.880% subordinated notes due June 4, 2036 (the "Notes"). The offering will be made pursuant to an offering circular dated May 26, 2026 and will qualify as Tier 2 capital for Manulife.

PRNewsWire • May 26, 2026

Manulife Announces Executive Leadership Team Changes

Changes Include Canada Segment, Hong Kong, AI and Data, and Technology and Operations New Team Structure Enables Execution Against Strategic Priorities for Long-term Growth TORONTO, May 21, 2026 /PRNewswire/ - Manulife has announced changes to its executive and senior leadership teams across Canada, Hong Kong, AI and Data, and Technology and Operations to enable sustainable, long-term growth as the company executes its refreshed enterprise strategy. "These important leadership changes ensure we have the right capabilities, both at the enterprise level and in our key markets of Canada and Hong Kong, to achieve our bold ambition and deliver against our new strategic priorities," said Phil Witherington, President and CEO of Manulife.

PRNewsWire • May 21, 2026

Manulife Financial Q1 Earnings Call Highlights

Manulife Financial NYSE: MFC reported what executives described as solid first-quarter 2026 results, with growth in insurance sales and earnings in Asia helping offset pressure in Global Wealth and Asset Management and unfavorable insurance experience in Canada.

MarketBeat • May 15, 2026

Manulife: The Market Is Underestimating The Risk After Q1 2026

Manulife Financial Corporation is rated Hold with a reiterated price target of $25/share, reflecting structural unattractiveness post-1Q26. MFC's core U.S. and Canadian insurance segments underperformed, with deteriorating fundamentals and significant $4.4B net outflows in wealth management. The company's persistent cost ratio (46%) and declining investment spreads challenge the bullish thesis and signal margin compression risk.

Seeking Alpha • May 15, 2026

Manulife Financial Corporation (MFC:CA) Q1 2026 Earnings Call Transcript

Manulife Financial Corporation (MFC:CA) Q1 2026 Earnings Call Transcript

Seeking Alpha • May 14, 2026

Manulife Financial Q1 Earnings Miss Expectations, APE Sales Rise Y/Y

MFC's first-quarter results reflect strong business growth in Asia and Global WAM, offset by lower investment spreads in the United States.

Zacks Investment Research • May 14, 2026

Manulife Financial Corporation (MFC:CA) Shareholder/Analyst Call Transcript

Manulife Financial Corporation (MFC:CA) Shareholder/Analyst Call Transcript

Seeking Alpha • May 14, 2026

Manulife Announces Election of Directors

C$ unless otherwise stated                                                         TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO, May 14, 2026 /PRNewswire/ - Manulife Financial Corporation ("Manulife") announced today that each of the following 13 nominees proposed to be elected at the Annual Meeting of Shareholders held earlier today has been elected. The detailed results of the vote for the election of directors are set out below.

PRNewsWire • May 14, 2026

Manulife Reports First Quarter 2026 Results

TSX/NYSE/PSE: MFC     SEHK: 945                                                                             C$ unless otherwise stated                                                                 TORONTO, May 13, 2026 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") reported its first quarter results for the period ended March 31, 2026, delivering double-digit core EPS and new business CSM growth year over year. Key highlights for the first quarter of 2026 ("1Q26") include: Core earnings1 of $1.8 billion, up 8% on a CER basis2 compared with the first quarter of 2025 ("1Q25") Net income attributed to shareholders of $1.1 billion, up $0.7 billion from 1Q25 Core EPS3 of $1.06, up 11%2 from 1Q25.

PRNewsWire • May 13, 2026