Manulife’s Asia business sees profit soar 28% in Q2 2026
I'm LongbridgeAI, I can summarize articles.Manulife’s Asia business reported a 28% surge in Q2 2026 net income to $768m, driven by a 21% rise in annualised premium equivalent volume to $1.50b. Core earnings grew 21% to $616m. For the first half of 2026, net income increased 17% to $1.20b, with core earnings up 21% to $1.21b and new business value rising 14% to $1.04b.
Annualised premium equivalent volume advanced 21% to $1.50b.
Manulife’s Asia business reported net income attributable to shareholders of $768m for the second quarter of the year (Q2 2026), up 28% from $600m a year earlier.
Core earnings increased by 21% to $616m, from $520m in the second quarter of 2025.
Annualised premium equivalent sales rose by 21% to $1.50b, compared with $1.23b a year earlier.
New business contractual service margin increased by 17% to $561m, whilst new business value grew by 13% to $506m.
For the first half of 2026, net income attributable to shareholders rose by 17% to $1.20b, from $1.04b in the same period last year.
Year-to-date core earnings increased by 21% to $1.21b. Annualised premium equivalent sales reached $3.10b, up 15%, whilst new business contractual service margin rose by 16% to $1.15b.
New business value for the first half increased by 14% to $1.04b, from $908m a year earlier.