Manulife Financial earnings: third quarter 2026

Manulife Financial, the Canadian insurer and money manager, made a record adjusted profit in the third quarter of 2026, up on both a year ago and the quarter before. Its reported profit, after market swings and one-off charges, fell sharply, and new insurance sales held flat. ¹

Against what analysts expected

Analysts' average forecast on Nasdaq's earnings calendar is set in a different currency from Manulife's own figures, so the two do not line up directly. ¹²

The strong points

• Its adjusted profit, the measure it steers by, reached a record $2,125 million, up 4% on a year ago, helped by growth in Asia and the U.S., its wealth business and better insurance claims. ¹
• Adjusted earnings per share rose 6% on a year ago to $1.24. ¹
• The value of the company belonging to each ordinary share rose 8% in a year, to $28.06. ¹

The weak points

• Reported profit, after everything, fell 22% to $1,424 million, dragged down by market losses, a yearly review of its assumptions and a charge in Vietnam. ¹
• New insurance sales were flat on a year ago, at $2,626 million on the company's measure. ¹
• Its wealth and asset management arm was the only business to earn less, with adjusted profit down 5%, as clients still took out more money than they put in. ¹

What the company expects

• Manulife gives no forecast for the next quarter or the year; the one amount it has set ahead is a dividend of $0.485 a share, payable from 21 December. ¹

Our verdict on the quarter

A strong report. With no forecast given, the report rests on its underlying growth: a record adjusted profit, up on a year ago, outweighs the fall in reported profit from market swings and one-off charges, though flat new sales temper it.

The results as published

• The results release itself
• The filing it came with (SEC)
• The previous results, for what it forecast then

Notes

1. Manulife Financial's results release, 4 November 2026: sec.gov. ↩
2. Nasdaq's earnings calendar, 4 November 2026. ↩