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Manulife 2Q Net Profit Surges To RM43.14 Mln

BUSINESS KUALA LUMPUR, Aug 20 (Bernama) -- Manulife Holdings Bhd's net profit for the second quarter ended June 30, 2025 (2Q 2025) rose to RM43.14 million from RM19.24 million a year earlier. However, revenue decreased by RM2.1 million to RM198.64 million from RM200.76 million previously due to lower contributions from asset management services. 'Operating revenue of the segment decreased by RM5.7 million due to lower initial service fee, while profit before tax increased by RM1.9 million due to lower expenses. For the first half ended June 30, 2025, net profit increased to RM50.26 million from RM49.34 million, while revenue also jumped to RM409.42 million from RM399.73 million a year earlier. On outlook, Manulife said the company will continue to strengthen growth through a robust expansion of its productive and professional agency force driving growth in bancassurance, and cultivating alternative partnerships with a primary focus on new customer acquisition. It said the company will also embrace customer-centricity by establishing a compelling value proposition to cater to evolving segment needs and continually improving customer experience, prioritising a digital-first approach and convenience. 'Manulife will also accelerate digitisation through ongoing investment, aiming to be the digital customer leader in the market, building a digitally enabled sales force, and enhancing automation for operational efficiency,' it added. -- BERNAMA