1、 February 10,2021 Press Release Reporting Fourth Quarter Results 1 News Release C$unless otherwise stated TSX/NYSE/PSE:MFC SEHK:945 February 10,2021 Manulife reports 2020 net income of$5.9 billion,core earnings of$5.5 billion,APE sales of$5.6 billion,and strong Global WAM net inflows of$8.9 billion
2、Today,Manulife announced its 2020 and fourth quarter of 2020(“4Q20”)results.Key highlights include:Net income attributed to shareholders of$5.9 billion in 2020,up$0.3 billion from 2019,and$1.8 billion in 4Q20,up$0.6 billion from the fourth quarter of 2019(“4Q19”)Core earnings1 of$5.5 billion in 2020
3、,down$0.5 billion from 2019,and$1.5 billion in 4Q20,in line with 4Q19 Strong LICAT ratio2 of 149%Core ROE1 of 10.9%in 2020 and 11.6%in 4Q20,and ROE of 11.6%in 2020 and 14.1%in 4Q20 NBV1 of$1.8 billion in 2020,down 13%3 from 2019,and$489 million in 4Q20,down 7%from 4Q19 APE sales1 of$5.6 billion in 2
4、020,down 8%from 2019,and$1.4 billion in 4Q20,down 5%from 4Q19 Global WAM net inflows1 of$8.9 billion in 2020 compared with net outflows of$0.9 billion in 2019 and net inflows of$2.8 billion in 4Q20 compared with net inflows of$4.9 billion in 4Q19 As of December 31,2020,delivered a cumulative reducti
5、on in pre-tax annual general expenses of$1.0 billion,achieving our medium-term target two years ahead of schedule“2020 was an incredibly challenging year in so many ways.Countless people were affected by illness and loss,as well as isolation from loved ones,putting stress on their physical and menta
6、l health,and creating anxiety for their financial well-being.We want to thank all of the front-line workers globally for their incredible efforts through this unprecedented time,”said Manulife President&Chief Executive Officer Roy Gori.“I want to also take this opportunity to thank every colleague,a