Manulife Financial Corporation · TSX:MFC
Manulife Financial — Investor Day (June 2024)
15 slides from Manulife Financial's investor day presentation, Jun 25, 2024
Slide 1: Singapore Investor Day 2024
Singapore Investor Day 2024 Kah Siang Khoo CEO, Singapore June 25, 2024
Slide 2: Top takeaways
Top takeaways • Track record of consistent growth on value metrics • Outpacing industry growth and building scale • Established extensive distribution to increase our customer reach • Leading innovative propositions to win in key market segments • Leveraging our scale and global capabilities to capt
Slide 3: Manulife Singapore, well positioned to capture the emerging opportunities
Manulife Singapore, well positioned to GDP per capita in Asia1 Singapore citizens over 65 years (by capture the emerging 2030)3 opportunities #1 ~25% World’s Best Business Environment2 Growth in millionaires (2022-2027)4 Singapore #1 43% 3 Note: All footnotes are on slide 12.
Slide 4: We have a clear right to win
We have a clear >125 years ~2K right to win trusted brand exclusive partnership # of advisors1 • Trusted global brand with deep local roots • Established extensive distribution capabilities • Comprehensive propositions addressing customer needs ~US$27B 120% 72% assets under management2 (2017-2023) (
Slide 5: Proven track record of executing and delivering strong results
Proven track record of executing and delivering strong results APE sales1 New business value1 New business CSM2 CSM2 Core earnings2 (US$ millions) (US$ millions) (US$ millions) (US$ millions) +72% +65% +120% 817 +95% +21% 207 482 161 181 103 145 71 2017 2023 2017 2023 2022 2023 2022 2023 2017 2023 5
Slide 6: Successful transformation of our business to meet evolving customer needs
Successful transformation of our business to meet evolving customer needs Building scale by providing holistic Delivering seamless customer and Establishing Singapore as a key solutions to meet customer needs distributor experience contributor to Asia’s growth story APE sales1,2 Straight-through-pro
Slide 7: Looking ahead: Continue to be a material contributor to Asia's growth story
Looking ahead: Continue to be a material contributor to Asia's growth story… Accelerate growth Holistic solutions Digital, customer leader Scale partnerships and grow Continue to meet evolving customer Digitize to deliver best-in-class advisory capabilities needs through comprehensive customer and d
Slide 8: ...by delivering high quality, sustainable growth
…by delivering high quality, sustainable growth Banca MDRT qualifiers Digital, customer leader >1.5x Straight-through- >50% digitally originated retail sales >90% processing (by 2025) 2023 2027 • Scale further by embedding in • Employ technology, such as Gen AI, to • Continue to automate and digitiz
Slide 9: Summary
Summary • Track record of consistent growth on value metrics • Outpacing industry growth and building scale • Established extensive distribution to increase our customer reach • Leading innovative propositions to win in key market segments • Leveraging our scale and global capabilities to capture em
Slide 10: Manulife: Raising the Bar
‘'' Manulife Raising the Bar
Slide 11: Appendix
Appendix • Footnotes • Caution regarding forward-looking statements • Non-GAAP and other financial measures 11
Slide 12: Footnotes
Footnotes Slide Footnote 1 Source: IMF World Economic Outlook, based on GDP per capital current prices. 2 Source: Economist Intelligence Unit. 3 3 Ministry of Health; Singapore Citizens aged >65 by 2030. 4 Knight Frank 2023 wealth report. The Knight Frank Wealth Sizing Model, HNWI Populations (US$1M
Slide 13: Caution regarding forward-looking statements
Caution regarding Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially counterparties to meet their obligations; the availability, affordability and adequacy of reinsurance; legal and regulatory proceedings, from those expr
Slide 14: Non-GAAP and other financial measures
Non-GAAP and other financial measures Manulife prepares its Consolidated Financial Statements in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board. We use a number of non-GAAP and other financial measures to evaluate overal
Slide 15: Reconciliation: Core earnings, CER basis
Reconciliation: Core earnings, CER basis 2017 ($ millions, post-tax and based on actual foreign exchange rates in effect in Global Corporate Asia Canada U.S. Total the applicable reporting period, unless otherwise stated) WAM and Other Core earnings (post-tax) 1,453 1,209 1,609 816 (522) 4,565 CER a