Manulife Financial's stock price plummeted 5.04% during intraday trading on Thursday, marking a significant downward movement for the insurance and financial services giant.

The decline comes despite the company reporting core earnings that beat analyst expectations. According to market reports, Manulife's attributable profit for the fourth quarter of 2025 was CA$1.50 billion, representing a 9% decrease from the CA$1.64 billion reported in the same period a year earlier. This year-over-year profit drop appears to have overshadowed the positive core earnings performance, leading to negative investor sentiment.