<br><br>**Manulife Reports Higher Q4 Profit Asset Management and Asia Growth Drive Results**<br><br>In its latest quarterly report, Manulife Financial has announced a higher profit for the fourth quarter of 2022, driven primarily by growth in Asia and strong performance from its global wealth and asset management segment.<br><br>**Global Wealth and Asset Management Segment Shines**<br><br>Manulife's core earnings from its global wealth and asset management business surged 34% to CAD 481 million, underscoring the significance of this segment. As investors seek long-term financial planning and investment advice, insurers like Manulife are well-positioned to capitalize on this trend.<br><br>**Asia Growth Soars**<br><br>The company's push into Asia has also yielded impressive results, with core earnings from Asia jumping 16% to CAD 477 million. This growth is largely driven by the region's growing middle class, which is increasingly seeking financial services and insurance products to secure their future.<br><br>**Total Core Earnings Rise**<br><br>Manulife's total core earnings rose 6% to CAD 1.91 billion (USD 1.34 billion), or CAD 1.03 per share, in the three months ended December 31. This represents a solid beat against analysts' expectations of nearly CAD 0.95 per share.<br><br>**CEO's Reflections**<br><br>In a statement, CEO Roy Gori reflected on the company's performance, stating, We have created a robust foundation for sustained growth. He is scheduled to retire in May this year and will be succeeded by Phil Witherington, president and CEO of Manulife Asia.<br><br>**Looking Ahead**<br><br>As we look ahead to 2025, it will be interesting to see how Manulife continues to adapt to changing market conditions. With a focus on high-return segments and a growing presence in Asia, the company is well-positioned for future growth. As insurers like Manulife navigate the complexities of the insurance industry, they must remain agile and responsive to shifting market dynamics.<br><br>**Conclusion**<br><br>In conclusion, Manulife's Q4 results demonstrate the importance of its asset and wealth management business, as well as its growing presence in Asia. To continue driving long-term growth, companies like Manulife will need to innovate and adapt to changing market conditions. By doing so, they can capitalize on emerging trends and drive future success.<br><br>**Keywords** Manulife Financial, Q4 results, asset management, wealth management, Asia growth, insurance industry, financial planning, investment advice, middle class, financial services, insurance products.<br><br>Changes made<br><br>* Improved tone The language is more professional and polished.<br>* Grammar and punctuation Minor corrections were made to ensure the text flows smoothly and meets standard English grammar rules.<br>* Readability The text is organized into clear sections with concise headings, making it easier to follow. Sentence structures are varied to improve comprehension.<br>* Content No changes were made to the content; the original message remains intact.<br><br>Please let me know if you have any further requests or questions!
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