Manulife Financial Corp Reports Quarterly Earnings Shortfall
Manulife Financial Corp’s stock price declined by more than 3% following the company’s quarterly earnings report, which fell short of analysts’ estimates due to elevated credit and mortality losses in the United States.
The insurer’s quarterly earnings report was impacted by increased credit and mortality losses in the US, resulting in a decline in the company’s stock price.
Key Developments
- Manulife continues to expand its presence in alternative investments through the acquisition of Comvest Credit Partners to build a US$18.4 billion private credit unit.
- The company has strengthened its commitment to Asia by appointing June Chua as Head of Asian Equities and Yuting Shao as Senior Global Macro Strategist.
- These appointments reflect Manulife’s continued focus on deepening its equity investment capabilities in the region.
Recent Acquisition
Manulife has acquired Comvest Credit Partners to build a US$18.4 billion private credit unit, expanding its presence in alternative investments.
Leadership Appointments
The company has appointed June Chua as Head of Asian Equities and Yuting Shao as Senior Global Macro Strategist, reflecting its commitment to Asia and equity investment capabilities in the region.