Manulife Holdings Berhad (KLSE:MANULFE)

Manulife Holdings Berhad Income Statement

Financials in millions MYR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	464.64	439.42	360.21	316.17	1,003	920.81
Total Interest & Dividend Income	37.36	-38.29	-7.82	75.85	209.03	187.1
Gain (Loss) on Sale of Investments	21.37	134.04	54.91	-57.7	137.46	153.27
Other Revenue	157.31	160.82	122.95	119.11	150.27	109.52
Total Revenue	680.69	695.99	530.26	453.43	1,500	1,371
Revenue Growth (YoY)	-0.12%	31.25%	16.94%	-69.77%	9.43%	0.94%
Policy Benefits	226.95	271.74	239.28	270.06	956.34	971.34
Policy Acquisition & Underwriting Costs	231.27	170.28	112.32	66.81	211.33	114.38
Selling, General & Administrative	61.33	63.72	64.44	63.34	211.23	208.76
Other Operating Expenses	20.18	4.81	0.97	-	5.08	2.43
Total Operating Expenses	539.73	510.55	417.01	400.2	1,385	1,299
Operating Income	140.95	185.45	113.25	53.23	115.07	71.79
Interest Expense	-0.08	-0.09	-0.11	-0.09	-0.02	-0.02
Currency Exchange Gain (Loss)	-	-	-	-	8	-2.37
EBT Excluding Unusual Items	140.88	185.36	113.14	53.14	123.05	69.41
Asset Writedown	-	-	-	-	-0.05	-
Pretax Income	140.88	185.36	113.14	53.14	122.99	69.41
Income Tax Expense	44.21	53.99	29.27	19.05	36.03	30.6
Earnings From Continuing Ops.	96.67	131.37	83.87	34.08	86.96	38.82
Minority Interest in Earnings	-	-	-	-10.65	-	-0
Net Income	96.67	131.37	83.87	23.44	86.96	38.81
Preferred Dividends & Other Adjustments	6.03	22.5	-4.87	-	-	-
Net Income to Common	90.63	108.87	88.74	23.44	86.96	38.81
Net Income Growth	-35.09%	56.62%	257.88%	-73.05%	124.06%	48.51%
Shares Outstanding (Basic)	226	222	218	214	209	204
Shares Outstanding (Diluted)	226	222	218	214	209	204
Shares Change (YoY)	2.52%	1.91%	1.85%	2.18%	2.40%	0.88%
EPS (Basic)	0.40	0.49	0.41	0.11	0.42	0.19
EPS (Diluted)	0.40	0.49	0.41	0.11	0.42	0.19
EPS Growth	-32.91%	20.39%	271.80%	-73.63%	118.82%	47.22%
Free Cash Flow	-47.07	102.11	82.9	26.75	40.78	2.71
Free Cash Flow Per Share	-0.21	0.46	0.38	0.13	0.20	0.01
Dividend Per Share	0.080	0.080	0.070	0.070	0.070	0.070
Dividend Growth	14.29%	14.29%	-	-	-	-
Operating Margin	20.71%	26.65%	21.36%	11.74%	7.67%	5.24%
Profit Margin	13.31%	15.64%	16.74%	5.17%	5.80%	2.83%
Free Cash Flow Margin	-6.92%	14.67%	15.63%	5.90%	2.72%	0.20%
EBITDA	153.77	197.26	120.31	58.21	126.99	80.85
EBITDA Margin	22.59%	28.34%	22.69%	12.84%	8.47%	5.90%
D&A For EBITDA	12.82	11.82	7.06	4.98	11.93	9.06
EBIT	140.95	185.45	113.25	53.23	115.07	71.79
EBIT Margin	20.71%	26.65%	21.36%	11.74%	7.67%	5.24%
Effective Tax Rate	31.38%	29.13%	25.87%	35.85%	29.30%	44.08%
Revenue as Reported	-	-	-	-	1,508	1,380

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.