Manulife Financial Corp (MFC) Q2 2022 Earnings Call Transcript

For the period ending June 30, 2022

August 11, 2022 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good morning, and welcome to the Manulife Financial Second Quarter 2022 Financial Results Conference Call.

Your host for today will be Mr. Hung Ko. Please go ahead, Mr. Ko.

Hung Ko

Thank you. Welcome to Manulife's earnings conference call to discuss our second quarter financial and operating results. Our earnings material including the webcast slides for today's call are available on the Investor Relations section of our website at manulife.com.

Turning to Slide 4. We will begin today's presentation with an overview of our second quarter highlights by Roy Gori, our President and Chief Executive Officer. Roy will also discuss our EBITDA performance and how we are well-positioned in the current uncertain environment.

Following Roy's remarks, Damien Green, our new President and CEO of Manulife Asia will provide a brief update on our Asia Pacific and opportunities. Phil Witherington, our CFO, will discuss the Company's financial and operating results.

After the prepared remarks, we will move on to the live question-and-answer portion of the call. We ask each participant to adhere to a limit of two questions including follow-ups. If you have additional questions, please re-queue and we will do our best to respond to everybody.

Before we start, please refer to Slide 2 for a caution on forward-looking statements and Slide 35, we note on the non-GAAP and other financial measures used in this presentation. Note that, certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from what is stated.

With that, I'd like to turn the call over to Roy Gori, our President and Chief Executive Officer. Roy?

Roy Gori

Thanks, Hung. And thank you, everyone, for joining us today. I'm pleased to have two new members of our executive leadership team joining the call today including Marc Costantini who returned to Manulife as Global Head of Import Management. Marc was with Manulife for twenty years in various executive roles and rejoined us after holding senior executive positions at other insurance and reinsurance companies, and Damian Green who has started in his new position as the CEO of Asia.

Most recently, Damian led our Hong Kong business, which is our largest operating market in Asia and has delivered very impressive performance. In addition, the Naveed Irshad, who was our Global Head of Inforce Management has assumed the role of CEO of Canada, succeeding Mike Dowdy, who retire in September following more than 30 of service. Mike is a tremendous leader, who embodies our values, pursues excellence in every day and does it with a deep sense of care for our colleagues, customers and communities. I'd like to thank him for his many contributions and wish him all the very best in his retirement.