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Manulife Financial (TSE: MFC) full year 2023 financial results
Main financial results
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Revenue: CAD 33.7 billion (up 120% from 2022).
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Net income: CAD 5.46 billion (down 22% from 2022).
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Profit margin: 16% (down from 46% in FY2022). The decrease in profit margin was due to an increase in expenses.
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EPS: CAD 2.62 (down from CAD 3.68 in FY22).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Insights into Manulife’s financial returns
Looking ahead, revenues are expected to grow by an average of 18% per year over the next three years, compared to a growth forecast of 10% for the Canadian insurance industry.
performance of Canada’s insurance industry.
The company’s stock price rose 9.5% from the previous week.
risk analysis
Before I summarize, I discovered the following: 1 warning sign for Manulife Financial What you need to know.
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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
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