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Manulife Financial Third Quarter 2022 Earnings: EPS: CA$0.68 (vs CA$0.80 in 3Q 2021)

Manulife Financial (TSE:MFC) Third Quarter 2022 Results

Key Financial Results

  • Revenue: CA$7.35b (down 53% from 3Q 2021).

  • Net income: CA$1.33b (down 14% from 3Q 2021).

  • Profit margin: 18% (up from 10.0% in 3Q 2021). The increase in margin was driven by lower expenses.

  • EPS: CA$0.68 (down from CA$0.80 in 3Q 2021).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Manulife Financial Earnings Insights

Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Insurance industry in Canada.

Performance of the Canadian Insurance industry.

The company's shares are up 4.1% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Manulife Financial that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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