Manulife Financial Corporation is a company that sells insurance and helps people invest their money. They recently announced their earnings for the second quarter of 2024, which means they shared how much money they made and how well they are doing. They earned 66 cents for each share of their company, which is more than what people expected. The company made more money because more people bought their insurance and invested with them. They also made money from fees and from updating some of their calculations. The company is doing well in many countries, especially in Asia and Canada. They have a lot of money under their management and are growing their business. Read from source...

- The article title is misleading, suggesting that Manulife's Q2 earnings are the result of some specific and unique factor, rather than a normal performance of a large insurance company.
- The article uses a large and unrelated image of a lake, which has no apparent connection to the topic.
- The article does not provide any context or comparison for Manulife's performance, making it difficult for the reader to assess its significance and relevance.
- The article focuses mostly on the details of Manulife's Q2 earnings, but does not explain how they reflect the company's strategy, goals, or challenges.
- The article uses vague and subjective terms, such as "beat", "improved", "increased", "declined", without providing any numerical or percentage data to support them.
- The article briefly mentions the performance of other life insurers, but does not provide any analysis or commentary on their results, or how they compare to Manulife's.
- The article ends with a self-promotional message, encouraging the reader to join Benzinga's service, without providing any evidence or benefits of its value.

AI's rating: Poor.

neutral

Summary:

- Manulife Financial Corporation reported second-quarter 2024 core earnings of 66 cents per share, beating the Zacks Consensus Estimate by 3.1% and improving 6.4% year over year.
- The company's core earnings were driven by continued business growth momentum, favorable tax adjustments, strong growth in Group Insurance and favorable net insurance experience.
- Core return on equity increased to 15.7%, while the financial leverage ratio deteriorated to 24.6%.
- The company's segments, Global Wealth and Asset Management, Asia, Canada, and U.S., all reported growth in core earnings, APE sales, and new business CSM, with the exception of the U.S. division, which reported a decline in new business CSM due to a change in product mix and higher interest rates.
- Manulife Financial currently carries a Zacks Rank #4 (Sell).