Earnings Review and Free Research Report: Manulife Reported its Q2 FY17 Results

Research Desk Line-up: Atlantic American Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Manulife Financial Corp. (NYSE: MFC) (“Manulife”), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=MFC, following the Company’s posting of its financial results on August 09, 2017, for the second quarter of the fiscal year 2017 (Q2 FY17). The Toronto, Canada-based Company’s diluted earnings per share (EPS) and core diluted EPS surged 79% and 43% y-o-y, respectively. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Life Insurance industry. Pro-TD has currently selected Atlantic American Corporation (NASDAQ: AAME) for due-diligence and potential coverage as the Company reported on August 14, 2017, its financial results for Q2 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Atlantic American when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on MFC; also brushing on AAME. With the links below you can directly download the report of your stock of interest free of charge at:

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Earnings Reviewed

During Q2 FY17, Manulife’s net ceded premium income grew to C$6.97 billion from C$6.71 billion in Q2 FY16. The Company’s net investment income declined to C$6.75 billion in Q2 FY17 from C$11.14 billion in Q2 FY16. Meanwhile, other revenue for the reported quarter was C$2.87 billion compared to C$2.79 billion in Q2 FY16. Furthermore, the Company reported total revenues of C$16.59 billion in Q2 FY17 compared to C$20.64 billion in Q2 FY16.

The financial services Company reported net income attributed to shareholders of C$1.26 billion, or C$0.61 per diluted share, in Q2 FY17, up from C$704 million, or C$0.34 per diluted share, in Q2 FY16. The Company’s total core earnings stood at C$1.17 billion, or C$0.57 per diluted share, in Q2 FY17 compared to C$833 million, or C$0.40 per diluted share, in Q2 FY16.

Earnings Metrics

During the reported quarter, the Company’s annualized return on average equity (ROE) was 12.4% compared to 7.1% reported in the year ago corresponding period. Moreover, core ROE stood at 11.5% for Q2 FY17 versus 8.4% reported in the last year’s comparable quarter. The Company’s book value improved to C$20.01 per share as on June 30, 2017, from C$19.49 on June 30, 2016.

Segment Performance

Asia – The Company generated C$4.20 billion as total revenues from the Asia division in Q2 FY17 compared to C$4.26 billion in Q2 FY16. The division’s insurance sales increased to C$551 million in Q2 FY17 from C$510 million in Q2 FY16. The division’s total wealth and asset management gross flows also improved to C$4.96 billion during Q2 FY17 from C$4.35 billion in Q2 FY16. The division’s core earnings was C$301 million for the reported quarter compared to C$266 million in Q2 FY16.

Canadian – In Q2 FY17, the Canadian division’s total revenues were C$3.62 billion compared to C$5.35 billion in Q2 FY16. The division’s insurance sales was C$458 million for the reported quarter, up from C$120 million in Q2 FY16. The division’s total wealth and asset management gross flows also increased to C$5.47 billion in Q2 FY17 from C$4.73 billion in Q2 FY16. Furthermore, the division reported core earnings of C$345 million in Q2 FY17 compared to C$333 million in Q2 FY16.

US – The US division generated total revenues of C$5.55 billion in Q2 FY17 compared to C$7.44 billion in the year ago same quarter. For Q2 FY17, the division’s total insurance sales were C$123 million, up from C$107 million in Q2 FY16. Total wealth and asset management gross flows were C$13.97 billion in Q2 FY17 compared to C$12.65 billion in Q2 FY16. Additionally, the division’s total core earnings grew to C$336 million in Q2 FY17 from C$280 million in the last year’s corresponding quarter.

Balance Sheet Analyzed

Manulife’s total debt securities balance during quarter ended June 30, 2017, was C$172.10 billion compared to C$171.91 billion as on June 30, 2017. Furthermore, total mortgage as on June 30, 2017, was C$44.70 billion compared to C$43.51 billion as on June 30, 2016. The Company’s total real estate and other invested assets increased to C$37.13 billion as on June 30, 2017, from C$33.90 billion as on June 30, 2016.

Assets under management and administration increased to stand at C$1.01 trillion as on June 30, 2017, from C$934 billion in Q2 FY16. Furthermore, The Manufacturers Life Insurance Company (MLI) reported Minimum Continuing Capital and Surplus Requirements (MCCSR) ratio of 230% as on June 30, 2017, versus 236% as on June 30, 2016.

Stock Performance

At the closing bell, on Wednesday, August 30, 2017, Manulife Financial’s stock marginally declined 0.56%, ending the trading session at $19.51. A total volume of 1.63 million shares have exchanged hands. The Company’s stock price soared 10.85% in the last three months, 7.91% in the past six months, and 39.56% in the previous twelve months. Moreover, the stock surged 9.48% since the start of the year. The stock is trading at a PE ratio of 13.31 and has a dividend yield of 3.34%. The stock currently has a market cap of $38.67 billion.

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