Manulife presents investor strategy targeting core ROE of 18%+ by 2027
MFC•Manulife reiterated its target for core return on equity above 18% by 2027 and cumulative remittances exceeding C$22 billion from 2024 through 2027. Third-quarter 2026 core earnings rose 4% to C$2.13 billion, while net income attributable to shareholders fell to C$1.42 billion.
1. Targets and results
Manulife reiterated its 2027 targets for core return on equity above 18% and cumulative remittances exceeding C$22 billion over 2024-2027. Third-quarter 2026 core earnings rose 4% to C$2.13 billion, while net income attributable to shareholders fell to C$1.42 billion. Financial leverage was 23%, below the medium-term target of 25%.
2. Reinsurance and India venture
A third long-term care reinsurance transaction brought the cumulative reduction in morbidity sensitivity to 24% across three deals. Manulife also cited a 50:50 life insurance joint venture with Mahindra that will provide entry into India's insurance market.
