Manulife posts record Q3 2026 core earnings of $2.1 billion

Manulife Financial reported third‑quarter 2026 core earnings of $2.1 billion, a 4% increase on a constant‑exchange‑rate basis from the same quarter a year earlier. Net income fell 22% year‑over‑year to $1.4 billion, while core earnings per share rose 6% to $1.24 and reported EPS dropped 21% to $0.82. The company returned $1.3 billion to shareholders and saw Global Wealth and Asset Management net outflows narrow to $3.6 billion from $6.2 billion a year ago.

The strong core earnings and $1.3 billion cash return signal continued growth and financial flexibility, but the sharp decline in net income highlights earnings volatility that investors will monitor. The narrowing of Global WAM outflows suggests improving cash‑flow dynamics in the wealth‑management segment.

  • 1Core earnings were $2.1 billion, up 4% on a constant‑exchange‑rate basis versus Q3 2025.
  • 2Net income attributed to shareholders was $1.4 billion, down $0.4 billion (22%) from Q3 2025.
  • 3Core EPS was $1.24, up 6% from Q3 2025.
  • 4Reported EPS was $0.82, down 21% from Q3 2025.
  • 5Manulife returned $1.3 billion to shareholders during the quarter.
  • 6Global Wealth and Asset Management net outflows were $3.6 billion, compared with $6.2 billion in Q3 2025.

Sources