Manulife HK and Macau posts 12 percent rise in new business value in Q2

Manulife Hong Kong and Macau’s new business value jumped 12 percent to HK$2.1 billion in the second quarter of this year, contributing to the insurer’s Asia segment’s continued growth momentum and the overall performance of its global business.

Core earnings for the period rose 31 percent to HK$2.7 billion, and annualized premium-equivalent sales surged 37 percent to HK$5.5 billion.

New business contractual service margin grew by 13 percent to HK$1.8 billion.

Manulife’s Hong Kong retirement business has maintained its position as the largest Mandatory Provident Fund service provider in the city, with a market share of 28.1 percent based on assets under management at the end of the quarter.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓