宏利金融-S 00945

2025年核心盈利录得75亿加元,按固定汇率基准计算较2024年增长3%。

2025年第四季核心盈利錄得20亿加元,较2024年第四季增长5%2025年归属于股东的净收入为56亿加元,较2024年上升2亿加元;2025年第四季归属于股东的净收入为15亿加元,较2024年第四季减少1亿加元2025年核心EPS为4.21加元,较2024年上升8%;2025年第四季核心EPS为1.12加元,较2024年第四季上升9%2025年EPS为3.07加元,较2024年上升6%;2025年第四季EPS为0.83加元,较2024年第四季下降6%2025年全年及第四季的核心ROE分别为16.5%及17.1%;2025年全年及第四季的ROE分别为12.0%及12.7%2025年第四季的「寿险资本充裕测试」(LICAT)比率为136%,而2025年的汇回资金达64亿加元相对于2024年的水平,2025年的APE销售额上升14%,新造业务CSM上升28%,新造业务价值上升18%。

相对于2024年第四季的水平,2025年第四季的APE销售额下降1%,新造业务CSM上升21%,新造业务价值上升8%。

展望2026年,我们将在这一势头上再接再厉。

尽管宏观经济及地缘政治环境仍然存在不确定性,但凭藉我们持续而严谨的执行力、多元化的业务组合,以及致胜团队与文化,我们有信心把握机遇,实现目标,并持续为带来高质素及可持续的长远增长。

Philip J. Witherington先生,在2025年年度股东大会上成功当选后,将被任命为全球最大的保险和资产管理公司之一宏利的总裁兼首席执行官。

于2014年5月加入宏利,担任亚洲区首席财务官。

他于2017年6月至11月期间担任亚洲区执行副总裁兼临时总经理。

2018年1月,他成为宏利的首席财务官,然后在2023年7月担任宏利亚洲的总裁兼首席执行官。

他负责宏利快速增长的亚洲业务,包括在香港、澳门、日本、百慕大、中国大陆、新加坡、越南、印度尼西亚、菲律宾、马来西亚、柬埔寨和缅甸的业务。

拥有杜伦大学理学学士学位、爱丁堡大学国际商务研究生文凭以及Ecole Nationale des Pont et Chausseses的EMBA学位。

彼为英格兰及威尔斯特许会计师公会资深会员及香港会计师公会资深会员。

Ms. Anna Manning’s experience leading a major health and life reinsurance institution qualifies her to serve on our board and as a member of the management resources and compensation committee and the risk committee.

Anna Manning is the former President and Chief Executive Officer of Reinsurance Group of America, Incorporated (RGA), a global reinsurance company to focus exclusively on life and health solutions. Prior to joining RGA, she spent 19 years with the Toronto office of Towers Perrin’s Tillinghast insurance consulting service, providing consulting services to the insurance industry on mergers and acquisitions, value-added performance measurement, product development, and financial reporting.

Ms. Manning is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries and holds a B.Sc. in Actuarial Science from the University of Toronto.

John S. Montalbano先生,拥有丰富的高级管理人员以及财富和资产管理经验,使他有资格在我们的董事会任职,并担任管理资源和薪酬委员会以及风险委员会的成员。

是一位经验丰富的财富和资产管理高管,曾任加拿大皇家银行高级管理人员,曾担任 RBC Global Asset Management 首席执行官和 RBC 财富管理副主席。

他目前是 Tower Beach Capital Ltd. 的负责人,这是一家专注于风险投资的私营企业。

先生目前担任加拿大养老金计划投资委员会和许多其他非上市公司的董事。

他还在各种非营利组织和顾问委员会任职,包括 Rideau Hall 基金会和 UBC 尚德商学院教师顾问委员会。

先生是一名特许金融分析师,并拥有不列颠哥伦比亚大学的商业学士学位。

Nancy J. Carroll女士,在为保险和更广泛的金融服务行业的董事会和公司提供法律和战略事务方面的建议方面拥有丰富的经验,这使她有资格在我们的董事会任职,并担任审计委员会、公司治理和提名委员会的成员。

是McCarthy Tetrault LLP金融服务集团的前合伙人和国家保险和再保险集团的负责人,在复杂的监管、并购、交易、合规、治理和战略事务方面担任加拿大和全球保险和再保险公司、银行及其董事会的领先法律顾问,拥有超过40年的经验。

是玛格丽特公主癌症基金会的董事会成员,是安大略省律师协会的成员,并被公司董事协会和多伦多大学罗特曼商学院授予ICD.D称号。

她拥有多伦多大学的法学博士学位、皇后大学的国际政治研究文学硕士学位和艾利森山大学的文学学士学位。

Mr. Donald R. Lindsay’s international business experience, including over 17 years as CEO of a public company and nearly two decades of experience in senior executive roles in investment and corporate banking and global financial services, qualify him to serve as the Chair of the Board and chair of the corporate governance and nominating committee. Mr. Lindsay also has extensive environment, social and governance (ESG) experience which will be valuable as Manulife seeks to implement its Impact Agenda and drive sustained social and environmental impact through our business and our interactions with customers, communities and the environments in which we operate.

Mr. Lindsay was previously President and CEO of Teck Resources Limited, Canada’s largest diversified mining, mineral processing and metallurgical company, a position he held since 2005 where he led Teck to achieve top rankings from ESG rating agencies such as S&P Global, MSCI and ISS ESG. His experience also includes almost two decades with CIBC World Markets Inc., where he ultimately served as President after periods as Head of Investment and Corporate Banking and Head of the Asia Pacific Region.

Mr. Lindsay currently serves on the Board of Directors of Alpine Canada, York House School, and is an Honorary Governor of the Royal Ontario Museum. He was Chair of the International Council on Mining and Metals, Chair of the Board of Governors for Mining and Metals at the World Economic Forum, and Chair of the Business Council of Canada. He is a recent recipient of the Canadian Business Leader Lifetime Achievement Award from The Canadian Chamber of Commerce, which will be presented on June 13, 2024.

Mr. Lindsay earned a Bachelor of Science in Mining Engineering from Queen’s University and holds an MBA from Harvard Business School, and has been the recipient of an Honorary Doctor of Laws from the University of Windsor and Honorary Doctorate of Technology from the British Columbia Institute of Technology.

On February 15, 2023, Don Lindsay became Chair of the Board, joined the corporate governance and nominating committee, also becoming committee chair, and resigned from the management resources and compensation committee and the risk committee. On June 1, 2024, Mr. Lindsay will resign as chair of the corporate governance and nominating committee. As Chair of the Board, Mr. Lindsay is not a member of the audit, management resources and compensation or risk committees but attends at the invitation of each committee chair.

Mr. Roy Gori is the President and Chief Executive Officer of Manulife, Canada’s largest insurance company, and one of the largest insurance and asset management companies in the world. Appointed in 2017, Mr. Gori’s tenure as CEO has been marked by the introduction of a clear strategy and values that build on Manulife’s strong foundations to include sharper focus on the customer and a shift to digital innovation, in line with the company’s mission to make customers’ decisions easier, and lives better.

As a lifelong advocate for health and wellness, Mr. Gori passionately believes in Manulife’s commitment to helping customers live better, healthier lives through its leadership in behavioural insurance, award-winning products like Manulife Vitality and Manulife MOVE, and through a wide range of investment solutions to help customers achieve their financial goals.

Mr. Gori joined Manulife as President and Chief Executive Officer for Asia in 2015. In that role, he was responsible for operations in 12 markets across Asia, driving Manulife’s rapidly growing business in the region. Mr. Gori started his career at Citibank in 1989, where he held progressively senior roles and was finally responsible for the company’s Asia Pacific retail business, which included its insurance and wealth management business.

Mr. Gori holds a Bachelor of Economics and Finance from The University of New South Wales, and an MBA from the University of Technology, Sydney. He is a member and on the Board of Directors of the Business Council of Canada, and is a member of the U.S. Business Council, the Geneva Association, and the Mayor of Shanghai’s International Business Leaders’ Advisory Council. A native Australian, Mr. Gori has worked and lived in Sydney, Singapore, Thailand, and Hong Kong, and is now based in Toronto.

Mr. Colin Simpson was appointed Chief Financial Officer (CFO) effective July 1, 2023, from the role of Chief Financial Officer, U.S. and General Account. As Manulife’s CFO, Mr. Simpson is responsible for managing Manulife’s financial affairs, including financial accounting and reporting; planning and analysis; taxation; investor relations; treasury; capital management and financial regulation, while also overseeing the strategy, transformation and corporate development functions. He is a member of Manulife’s executive leadership team. Following his appointment in July 2023, Mr. Simpson worked to quickly integrate into his new role and build trusted relationships within Manulife and the investment community. During his time as CFO, he has strengthened Manulife’s balance sheet, optimized processes related to our implementation of IFRS 17 and IFRS 9, educated external stakeholders on understanding our performance under the new reporting standards, and strengthened our financial leadership team globally. He and his team also played a pivotal role in completing the historic transaction to reinsure four in-force blocks of legacy and low ROE business, including receiving regulatory approval from the Office of the Superintendent of Financial Institutions (OSFI) for a Normal Course Issuer Bid of up to 50 million shares, representing approximately 2.8% of Manulife’s issued and outstanding common shares. The information below describes financial and operating results and other factors that went into determining his compensation for 2023.

Mr. Guy L.T. Bainbridge’s extensive financial and audit experience qualifies him to serve on our board, as a member of the corporate governance and nominating committee and as chair of the audit committee.

Guy Bainbridge is a former partner with KPMG LLP. He has acted as the key audit leader of several of the UK and world’s largest financial institutions and served on KPMG’s UK and Europe boards.

Mr. Bainbridge also serves as the audit committee chair of each of Yorkshire Building Society and ICE Clear Europe Limited (non-public companies).

Mr. Bainbridge is a member of the Institute of Chartered Accountants in England and Wales and holds a Master of Arts from the University of Cambridge.

Mr. Bainbridge joined the board on August 7, 2019. Under the director equity ownership requirements, he is expected to meet the equity ownership requirements within six years of joining the board.

Ms. Leagh E. Turner’s extensive executive experience in the technology sector and leadership expertise leveraging people, process and technology to drive organizational transformation qualify her to serve on our board and as a member of the risk committee and the management resources and compensation committee.

Leagh Turner is a seasoned global executive in the technology sector currently holding the position of CEO for Coupa Software Inc., a business spend management software company. Previously, Ms. Turner was the Co-CEO of Ceridian HCM Holding Inc., a global human capital management software company. She also serves as a director of Plan International Canada. Ms. Turner is a strong advocate for the advancement of women in leadership and has been recognized twice on the WXN (Women’s Executive Network) Canada’s Top 100 Most Powerful Women list.

Ms. Turner holds a Bachelor of Arts from the University of Western Ontario.

Ms. May Tan’s extensive leadership experience in financial services and her deep knowledge of the industry in Asia qualify her to serve on our board and as a member of the audit committee and the corporate governance and nominating committee.

May Tan is a senior financial services executive who has held a number of senior roles at Standard Chartered Bank, including the position of Chief Executive Officer, Standard Chartered Bank (Hong Kong). She has over 30 years of experience in corporate finance, banking, and capital markets in Asia. She holds the Fellow Chartered Accountant designation from the Institute of Chartered Accountants in England and Wales and the Certified Public Accountant (Fellow) designation from the Hong Kong Institute of Certified Public Accountants.

Ms. Tan is a director on the following non-public boards: Anticimex New TopHolding AB, MSIG Insurance (Hong Kong) Limited, Shanghai Guardian Limited and 701 Limited. Ms. Tan is also a council member of the Asian Corporate Governance Association.

Ms. Tan received a B.A. in Economics and Accounting from the University of Sheffield.

On February 15, 2023, May Tan joined the corporate governance and nominating committee and audit committee, and resigned from the management resources and compensation committee and risk committee. On June 1, 2024, Ms. Tan will assume the role as chair of the corporate governance and nominating committee.

Ms. Julie E. Dickson’s extensive financial, risk and regulatory experience qualifies her to serve on our board and as a member of the audit committee and the corporate governance and nominating committee.

Julie Dickson is a former Superintendent of Financial Institutions, Canada, Canada’s main financial services regulator. She currently serves on the Canadian Public Accountability Board, and the board of the Dubai Financial Services Authority.

Ms. Dickson is an Officer of the Order of Canada and holds a Bachelor of Arts from the University of New Brunswick and a Master of Economics from Queen’s University.

On March 5, 2024, Julie Dickson joined the corporate governance and nominating committee and audit committee, and resigned from the management resources and compensation committee and the risk committee.

Ms. Nicole S. Arnaboldi’s extensive experience at a major financial institution, specifically in the asset management field, qualifies her to serve on our board, as a member of the risk committee and as chair of the management resources and compensation committee.

Nicole Arnaboldi is a partner at Oak Hill Capital Management, a private equity firm. She is a former senior executive at Credit Suisse, a global financial services company, and its predecessor Donaldson, Lufkin and Jenrette Securities Corporation, holding a number of senior roles in their wealth and asset management businesses, including Senior Advisor, and prior to that, Vice Chairman, Credit Suisse Asset Management.

Ms. Arnaboldi is a member of the boards of Commonfund and Merit Hill Capital (non-public companies). She also serves on various Harvard University advisory boards, including for HarvardX and Harvard Law School.

Ms. Arnaboldi holds a Bachelor of Arts from Harvard College, and a JD and an MBA from Harvard University.

On February 15, 2023, Nicole Arnaboldi joined the management resources and compensation committee and became committee chair, joined the risk committee, and resigned from the corporate governance and nominating committee and audit committee.

Mr. J. Michael Durland’s strong financial background and extensive international experience at a major financial institution qualifies him to serve on our board and as a member of the audit committee and the corporate governance and nominating committee.

Michael Durland is a former senior executive at The Bank of Nova Scotia, holding a number of senior roles in their capital markets division, including Group Head and CEO, Global Banking and Markets. He is currently the Chief Executive Officer of Melancthon Capital Corporation, a private company primarily focused on the provision of capital and advisory services to emerging Canadian companies. He brings a sophisticated risk taking and risk structuring capability set to the board, along with international business experience.

Mr. Durland is the Chancellor of Saint Mary’s University. He is a member of the board of the True Patriot Love Foundation (not-for-profit organization), as well as the boards of Receptiviti Inc. and LifeRaft Inc., and the former Chair of Truleaf Sustainable Agriculture (non-public companies). He is a Distinguished Fellow at the Munk School of Global Affairs and Public Policy at the University of Toronto and a former a member of the Board of the Dalhousie Medical Research Foundation, the Business Strategy Committee of the Global Risk Institute and the Advisory Boards of the Centre for Social Impact at Queen’s University and the Master of Management Analytics Program at Queen’s University.

Mr. Durland holds a Bachelor of Commerce from Saint Mary’s University and a Ph.D. in Management from Queen’s University.

Mr. Durland joined the board on March 5, 2024. Under the director equity ownership requirements, he is expected to meet the equity ownership requirements within six years of joining the board.

Mr. Donald P. Kanak’s extensive experience at a major insurer and asset manager, specifically in Asian markets, where he lived and worked for over 35 years, qualifies him to serve on our board and as a member of the management resources and compensation committee and the risk committee.

Don Kanak is a former senior executive with deep insurance experience in Asia. Most recently, he held several roles with Prudential Holdings Ltd. (part of Prudential plc). He ultimately served as Chairman, Insurance Growth Markets and Chairman, Prudence Foundation, and, prior to that, Chairman, Eastspring Investments and Chairman of Prudential Corporation Asia. He served in senior executive positions at American International Group (AIG) for over 14 years before joining Prudential Holdings Ltd.

Mr. Kanak has been a Senior Fellow of The Program in International Financial Systems (PIFS) since 2007 and a director since 2017. His research has focused on climate change policy, including solutions for reducing deforestation and degradation of natural forests and financial frameworks for achieving climate objectives. He previously served as a trustee of the Worldwide Fund for Nature (WWF)-Hong Kong, Chairman and executive board member of the EU-ASEAN Business Council and a member of the board of the Hong Kong Financial Services Development Council (non-public entities).

Mr. Kanak holds a Bachelor of Arts from the University of North Carolina, a JD from Harvard Law School, and a MLitt from Oxford University in management studies.

Mr. Kanak joined the board on March 5, 2024.

Mr. John Wong’s extensive consulting experience in the Asian healthcare market qualifies him to serve on our board and as a member of the audit committee and the corporate governance and nominating committee.

John Wong is a former Senior Partner and the former Chairman of Greater China for Boston Consulting Group (BCG), where he currently serves as a Senior Advisor. He is a trusted consultant with almost 30 years of experience serving global clients in the Asian healthcare market and a deep expertise in building businesses in biopharmaceuticals, medical technology, and consumer health.

Mr. Wong holds an MBA from Harvard University, a Master of Science in Chemical Engineering from the Massachusetts Institute of Technology, and Bachelor of Science in Chemical Engineering from Imperial College London.

Mr. Scott Hartz is Chief Investment Officer for Manulife. He oversees all of Manulife’s General Account investments in Canada, the United States, Asia and Europe. Mr. Hartz is also the Chief Investment Officer for John Hancock Life Insurance Company (U.S.A.), a wholly owned subsidiary of Manulife. He is a member of Manulife’s executive leadership team. Mr. Hartz generated positive investment returns in Manulife’s general fund despite the challenges imposed by the high interest rate environment and continued stress on the commercial real estate markets. He oversaw the diversification of the general fund to avoid risk concentration, leveraged alternative long duration asset (ALDA) yields to minimize the need to pursue riskier fixed income strategies, and continued to maintain underwriting support and favourable credit quality. Under his leadership, the General Account reduced the general fund’s exposure to geopolitical issues, modified the investment process to reduce trading costs, and continued to incorporate ESG into our investment processes.

Mr. Marc Costantini was appointed Global Head of Inforce Management on June 13, 2022 and is responsible for leading all initiatives to improve the profitability and risk profile of Manulife’s Inforce Management business. He is a member of Manulife’s executive leadership team. Mr. Costantini led Inforce Management through an exceptional year that culminated in Manulife’s successful transaction with Global Atlantic to reinsure four in-force blocks of legacy and low ROE business, including $6 billion of long-term care (LTC) insurance. This was the largest ever long-term care transaction in the industry, and a significant milestone in Manulife’s transformation. Under his leadership, the Inforce Management business continued to unlock capital from both inorganic and organic initiatives while enhancing the customer experience and optimizing the contribution of legacy and Inforce businesses to Manulife’s results.

Rahul Joshi先生,是宏利的首席运营官。

在这个职位上,Joshi先生负责监督公司的全球运营和全球采购组织。

他是公司行政领导团队的成员。

在加入宏利之前,Rahul是沃尔玛美国电子商务组织的客户服务高级副总裁,该组织负责联络中心、欺诈运营和客户退货体验。

在他的领导下,该业务通过创新显着扩展了客户联系渠道,改善了欺诈损失表现,并增强了在线购物的退货体验,所有这些都是在高速增长时期进行的。

此前,他曾在多个地区担任花旗集团的一系列大型运营、客户体验和数字化转型职位。

Rahul曾担任该公司位于新加坡的亚洲/EMEA消费者银行的首席运营官,在此之前,他曾担任美国消费者和商业银行的首席营运官。

Rahul拥有北卡罗来纳州立大学管理学硕士学位和印度浦那大学机械工程学士学位。

Antonella Deo,副总裁兼公司秘书