Manulife Delivers Strong Q2 Growth and Share Buybacks

Manulife Financial (TSE:MFC) has released an update.

Manulife Financial Corporation reported a robust second quarter in 2024, showcasing a 6% increase in core earnings and a 9% rise in core EPS on a constant exchange rate basis from the previous year. The company also highlighted significant growth in new business value, up by 23%, and a strong capital position with a LICAT ratio of 139%. In line with their growth strategy, Manulife has repurchased over $1.1 billion in common shares and plans to continue its share buyback program, reinforcing its commitment to delivering shareholder value.

For further insights into TSE:MFC stock, check out TipRanks’ Stock Analysis page.