Latest news with #ManulifeHoldingsBhd
The Star
25-06-2025
- Business
- The Star
Manulife remains committed to continued growth
Vibha Cobun, group CEO of Manulife Holdings. PETALING JAYA: Manulife Holdings Bhd (MHB) reported a year of growth and progress at its AGM, underscoring its commitment to sustainable growth. In 2024, MHB reported an increase in profit before tax to RM185.4mil, supported by strong business fundamentals. Manulife Investment Management also saw its assets under management (AUM) grow 18% year-on-year (y-o-y) to RM17.2bil as of end of 2024. It said AUM's growth surpassed the industry average for equity and fixed income funds, strengthening its position in the retail investment market. Manulife Insurance Bhd, the insurance business of MHB, saw bancassurance growth in 2024, with a 48% y-o-y increase in annual premium equivalent (APE). The high-networth segment, through its Manulife Insurance Labuan Limited business, experienced 50% growth in APE, driven by the launch of Malaysia's first US dollar indexed Universal Life product. 'Our achievements in 2024 are testament to our unwavering commitment to excellence and innovation. We have successfully scaled up our operations, expanded our product offerings, and enhanced our customer experience. 'I am incredibly proud of our team's dedication and focus, which have been instrumental in driving our growth and success. 'As we look ahead to 2025, we remain focused on raising the game for sustainable growth and profitability,' said MHB group CEO Vibha Coburn. MHB also continued to invest in sustainability and community initiatives building from Manulife 's Impact Agenda, including biodiversity projects in Perlis, urban clean-ups, the Terry Fox Run, and recycling campaigns.
The Sun
25-06-2025
- Business
- The Sun
Manulife to up its game this year after strong 2024
KUALA LUMPUR: In 2024, Manulife Holdings Bhd (MHB) achieved a rise in its profit before tax (PBT) to RM185.4 million, supported by strong business fundamentals. Manulife Investment Management (MIM) also saw its assets under management grow by 18% year-over-year to RM17.2 billion as of end of 2024, surpassing the industry average for equity and fixed income funds, strengthening its position in the retail investment market. Manulife Insurance Bhd (MIB), the insurance business of MHB, saw growth in its bancassurance in 2024, with a 48% rise year-over-year in annual premium equivalent. The high-net-worth segment, through its Manulife Insurance Labuan Ltd (MILL) business experienced a 50% growth in APE, driven by the launch of Malaysia's first USD Indexed Universal Life product. 'Our achievements in 2024 are a testament to our unwavering commitment to excellence and innovation. We have successfully scaled up our operations, expanded our product offerings, and enhanced our customer experience. I am incredibly proud of our team's dedication and focus, which have been instrumental in driving our growth and success. 'As we look ahead to 2025, we remain focused on raising the game for sustainable growth and profitability,' said MHB group CEO Vibha Coburn. MHB also continued to invest in sustainability and community initiatives building from Manulife's Impact Agenda, including biodiversity projects in Perlis, urban clean-ups, the Terry Fox Run, and recycling campaigns. The company also reported a 46% increase in volunteer hours and aligned its climate risk governance with Bank Negara Malaysia's Climate Risk Management and Scenario Analysis policy. 'We are not merely growing; we are growing with a clear purpose,' Vibha said, adding that as they progress. Looking ahead to 2025, MHB aims to focus on operational excellence, employee engagement, sustainability through Manulife's Impact Agenda, and enhancing customer experience. The theme for 2025 is 'Raise the Game,' reflecting the company's commitment to sustainable growth and profitability.
New Straits Times
25-06-2025
- Business
- New Straits Times
Manulife AUM hits RM17.2bil in 2024, beats industry average
KUALA LUMPUR: Manulife Holdings Bhd (MHB) recorded an 18 per cent year-on-year (YoY) increase in assets under management (AUM) to RM17.2 billion in the financial year 2024, surpassing the industry average for both equity and fixed income funds. The growth reinforces the group's position as a key player in Malaysia's retail investment market. In a statement, MHB said it delivered solid earnings, driven by strong business fundamentals and increased contributions from its insurance and investment divisions. Its insurance subsidiary, Manulife Insurance Bhd (MIB), posted a robust 48 per cent YoY growth in annual premium equivalent (APE) from its bancassurance business, underpinned by rising demand and a strengthened distribution network. The company's high-net-worth business, managed through Manulife Insurance Labuan Limited posted a 50 per cent jump in APE, supported by the introduction of Malaysia's first USD Indexed Universal Life product. MHB group chief executive officer Vibha Coburn said the achievements in 2024 have scaled up the group operations, product offerings and enhanced customer experience. "I am incredibly proud of our team's dedication and focus, which have been instrumental in driving our growth and success. As we look ahead to 2025, we remain focused on raising the game for sustainable growth and profitability," she said. She also highlighted MHB strengthened its sustainability agenda through biodiversity projects in Perlis, urban clean-ups, the Terry Fox Run, and recycling initiatives. MHB reported a 46 per cent increase in volunteer hours and aligned its climate governance with Bank Negara Malaysia's Climate Risk Management and Scenario Analysis policy. Looking ahead, the group will focus on operational excellence, employee engagement, and enhancing customer experience. "We are not merely growing; we are growing with a clear purpose. As we progress, we remain dedicated to supporting Malaysians in leading better and healthier lives," said Vibha.
The Star
20-05-2025
- Business
- The Star
An exciting opportunity for budding entrepreneurs
PETALING JAYA: Want a career that flexes with your lifestyle, secures your future and has stood the test of time? Look no further as Manulife Holdings Bhd is offering an opportunity with limitless income, recognition and independence, all bundled in a powerful package through its Manulife Entrepreneur Club (MEC). MEC supports aspiring entrepreneurs in building a rewarding career in financial services while providing a stable financial foundation. For stability and growth, MEC entreprenueurs stand to benefit from a 24-month secured income stream and commissions from the moment they join. They will also undergo a 12-month comprehensive training programme covering professional development, entrepreneurship skills and leadership, where they will also be offered flexible financing schemes ranging from RM2,000 to RM5,000. 'Join us to discover a meaningful opportunity to empower and protect the dreams of others while securing their financial futures. 'We believe this noble work deserves recognition, not just financially but also through professional growth and acknowledgment. 'Join a community that values your impact and invests in your future,' said the company. Backed by 350,000 policyholders and wealth management customers, the company which is part of Canada-based Manulife Financial Corporation, offers innovative financial protection, health, and wealth management products and services in Malaysia. Learn how partnering with Manulife can turn career goals into reality at Booth P01 at the myStarjob Fair on May 24 and 25 at the Mid Valley Exhibition Centre in Kuala Lumpur. More information is available at
