宏利金融+2023年2季度统计资料册-英-56页_738kb

Manulife Q2 2023 Statistical Information Package Summary

Core Content Overview

This document provides a detailed statistical overview of Manulife's financial performance for Q2 2023, including key financial measures, non-GAAP metrics, and segment-specific data. It is supplementary to the company's quarterly press release, MD&A, and audited financial statements.

Main Financial Highlights

Shareholders' Net Income (Loss) by Reporting Segment

Core Earnings by Reporting Segment

Items Excluded from Core Earnings

Key Financial Measures and Definitions

Non-GAAP Financial Measures

• Transitional Net Income (Loss) Attributed to Shareholders: Adjusted for IFRS 17 and IFRS 9 transitional impacts.
• Core Earnings (Loss): Excludes market-related gains/losses, changes in actuarial assumptions, and other non-operational items.
• Core EBITDA: Core earnings before interest, taxes, depreciation, and amortization. Used to evaluate the profitability of the Global WAM business.
• Core EBITDA Margin: Core EBITDA divided by core revenue.
• Net Annualized Fee Income Yield on AUMA: Measures the return from managing AUMA.
• Adjusted Book Value per Common Share: Common shareholders' equity and post-tax CSM divided by common shares outstanding.
• Expense Efficiency Ratio: Core expenses divided by core earnings before income taxes and core expenses.
• Expenditure Efficiency Ratio: Core expenditures divided by core earnings before income taxes and core expenditures.

Financial Leverage Ratio

• Defined as the sum of long-term debt, capital instruments, and preferred shares divided by the sum of long-term debt, capital instruments, equity, and post-tax CSM.

Capital Information

• Consolidated Capital: Includes total equity (excluding AOCI on cash flow hedges), post-tax CSM, and other regulatory capital instruments.
• Regulatory Capital: Adjusted for OSFI requirements.

Asset Management Metrics

• Assets Under Management and Administration (AUMA): Includes AUM and AUA.
• Gross Flows: Total deposits into mutual funds, pension/retirement products, private wealth, and institutional asset management.
• Net Flows: Gross flows minus redemptions, plus net flows from ETFs and non-proprietary products.

Financial Reporting Context

• Manulife adopted IFRS 17 and IFRS 9 in 2023, with 2022 results restated to reflect these changes.
• The transition period has resulted in non-comparable year-over-year results, and transitional impacts are noted in the document.
• Core Earnings and Core EBITDA are key indicators used to assess the long-term performance and profitability of the business.
• AUMA is a common metric used in the wealth and asset management industry to measure the size of the company's managed assets.

Summary of Financial Highlights

• The company reported a net income (loss) of $1,025 million for Q2 2023 (AER) compared to $1,406 million for the same period in 2022.
• Core earnings for Q2 2023 were $1,637 million (AER) and $1,531 million (CER), compared to $1,339 million (AER) and $1,526 million (CER) in 2022.
• Market experience gains/losses significantly impacted net income, with a $570 million loss in Q2 2023 (AER) and a $65 million loss (CER).
• Core EBITDA for the Global WAM segment was $320 million (AER) and $287 million (CER) for Q2 2023.
• Gross flows in the Global WAM business were $401 million (AER) and $150 million (CER) for Q2 2023.
• Net flows were $320 million (AER) and $287 million (CER), reflecting the company's ability to attract and retain assets.

Conclusion

This document provides a comprehensive overview of Manulife's financial performance for Q2 2023, emphasizing the impact of IFRS 17 and IFRS 9 on financial reporting. It outlines key financial metrics, including core earnings, core EBITDA, and AUMA, which are essential for evaluating the company's long-term profitability and operational efficiency. The document also highlights the importance of non-GAAP measures in understanding the true performance of the business.