Manulife Q2 2026 core earnings rise 12% to C$1.9 billion; net income up 17% to C$2.1 billion

Manulife announced its first-half 2026 results. On a fixed exchange rate basis, first-half net income was C$3.257 billion, up 45% year on year; core earnings were C$3.759 billion, up 10%; and earnings per share were C$1.85. During the period, total new business value was C$1.873 billion, up 8%, while annualised premium equivalent sales reached C$5.519 billion, up 13%.

For the second quarter alone, Manulife recorded net income of C$2.11 billion, up 17% year on year, and core earnings of C$1.923 billion, up 12%. EPS was C$1.20. New business value totalled C$929 million, up 10%, and annualised premium equivalent sales were C$2.698 billion, up 21%. The company declared a quarterly dividend of C$0.485 per share.

In the first half of 2026, Manulife returned C$2.6 billion to shareholders through dividends and share buybacks. Core return on equity was 16.3%, up 130 basis points from the second quarter of 2025.

During the period, the company launched a new high-net-worth client insurance solution, expanded its exchange-traded-fund-based global wealth and asset management investment offering, and established a new financial adviser network in the United States. Manulife also advanced the application of artificial intelligence across its businesses to improve the experience for customers and distribution partners and enhance operational efficiency.