Manulife Achieves Sustainable Growth with Strong Business Fundamentals, Expands Assets Under Management and Insurance Sales.

Manulife Holdings Berhad reported a year of growth and progress, with profit before tax increasing to RM185.4mil. Manulife Investment Management saw its assets under management grow 18% y-o-y to RM17.2bil, while Manulife Insurance Bhd experienced bancassurance growth with a 48% y-o-y increase in annual premium equivalent. The high-networth segment saw a 50% growth in APE, driven by the launch of Malaysia's first USD Indexed Universal Life product. The company remains committed to sustainable growth and profitability in 2025.

Manulife Holdings Berhad reported a robust year of growth and progress, with profit before tax increasing to RM185.4 million. The company's investment management arm, Manulife Investment Management, saw its assets under management grow by 18% year-over-year (y-o-y) to RM17.2 billion. Meanwhile, Manulife Insurance Bhd experienced significant bancassurance growth, with a 48% y-o-y increase in annual premium equivalent. The high-net-worth segment also demonstrated strong performance, with a 50% growth in annual premium equivalent (APE), driven by the launch of Malaysia's first USD Indexed Universal Life product.

The company's commitment to sustainable growth and profitability was evident in its strategic initiatives. Manulife Investment Management's growth in assets under management reflects its ability to attract and retain clients, while the bancassurance growth and high-net-worth segment performance highlight the company's success in expanding its customer base and product offerings. The launch of the USD Indexed Universal Life product is a significant milestone, demonstrating Manulife's innovation and ability to cater to the needs of high-net-worth clients.

Manulife's focus on sustainability and ethical AI development was also showcased through various initiatives. The company launched a US$480 million Forest Climate Fund and partnered with Uplink to support longevity innovation through annual challenges, offering $50,000 to each of ten winning startups. Additionally, Manulife expanded its financial literacy programs and established Responsible AI Principles to ensure ethical AI development. These initiatives not only contribute to the company's profitability but also enhance its reputation as a responsible and innovative financial services provider.

Manulife's strong financial position, as reflected in its growth metrics and strategic initiatives, positions it well for continued success in 2025. The company's ability to adapt to market changes and innovate in its product offerings will be crucial for maintaining its competitive edge in the dynamic financial services landscape.

References:
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