Manulife Financial (TSE:MFC) Full Year 2023 Results
Key Financial Results
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Revenue: CA$33.7b (up 120% from FY 2022).
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Net income: CA$5.46b (down 22% from FY 2022).
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Profit margin: 16% (down from 46% in FY 2022). The decrease in margin was driven by higher expenses.
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EPS: CA$2.62 (down from CA$3.68 in FY 2022).
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 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Insurance industry in Canada.
Performance of the Canadian Insurance industry.
The company’s shares are up 9.5% from a week ago.
Risk Analysis
Before we wrap up, we’ve discovered 1 warning sign for Manulife Financial that you should be aware of.
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