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Manulife Hong Kong and Macau recorded a double-digit growth across key metrics last year, with new business value showing the highest growth of 31 percent to HK$7.5 billion.
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Its core earnings increased 25 percent to HK$8.8 billion, annualized premium equivalent sales increased 21 percent to HK$15.3 billion, and new business contractual service margin increased 21 percent to HK$6.3 billion.
However, the fourth quarter's new business value was down 5 percent to HK$3.1 billion, annualized premium equivalent sales and new business contractual service margin also declined by 28 percent and 18 percent respectively, and core earnings recorded a double-digit growth of 38 percent.
Its parent Manulife Financial (0945) has increased its quarterly common shareholders' dividend by 10.2 percent or Canadian 4.5 cents (HK 20 cents) per share, to Canadian 4.85 per share, and plans to repurchase up to 2.5 percent of shares from this month.
Moreover, Manulife's Hong Kong retirement business market share was 27.8 percent based on assets under management at the end of the fourth quarter.
Patrick Graham, chief executive of Manulife Hong Kong and Macau, said that following their re-domiciliation of Manulife (International) Limited to Hong Kong and continued focus on accelerating responsible artificial intelligence adoption, they launched AI Sales Pro, a GenAI-powered tool that promotes their customer service.
Gloria Leung















