Manulife Financial Reports Better Than Expected Q1 Results 
<p><a href='https://financialmodelingprep.com/financial-summary/MFC'>Manulife Financial (NYSE:MFC)</a> reported its Q1 earnings results on Thursday, with EPS of $0.79 coming in better than the Street estimate of $0.59.</p>
<p>The company disclosed a Q1 contractual service margin of $14.9 billion, of which $9.7 billion relates to Asia. Core earnings in Asia decreased approximately 1% quarter-over-quarter to $489 million while insurance sales increased 5% quarter-over-quarter, perhaps a start of stronger sales growth ahead.</p>
<p>Following the results, analysts at RBC Capital adjusted their EPS estimates to $3.23 (from $3.34) in 2023, $3.53 in 2024, and $3.80 in 2025. Their BVPS (Book value per share) estimate moved to $23.35 (from $22.78) in 2023, $25.37 in 2024, and $27.66 in 2025.</p>

NYSE:MFC