Manulife Finl Stock Price, News & Analysis

Manulife Financial Corporation (TSX: MFC) has announced the acquisition of 75% of Comvest Credit Partners for US$937.5 million in upfront consideration, with potential additional payments of up to US$337.5 million based on performance targets.

The transaction combines Manulife's US$3.7 billion Senior Credit team with Comvest's US$14.7 billion platform, creating a leading US$18.4 billion private credit asset management platform to be branded as Manulife | Comvest. The deal is expected to close in Q4 2025 and will be immediately accretive to core EPS, core ROE, and core EBITDA margin.

Robert O'Sullivan, Comvest's Co-Founder and CEO, will lead the newly aligned business, reporting to Anne Valentine Andrews, Global Head of Private Markets. The transaction will be funded with cash on hand, resulting in less than a 3-point reduction to Manulife's LICAT ratio.

Manulife (NYSE:MFC) reported Q2 2025 results with core earnings of $1.7 billion, showing a 2% decrease from Q2 2024. The company delivered net income of $1.8 billion, up $0.7 billion year-over-year, with core ROE at 15.0%. Key highlights include APE sales up 15%, new business CSM up 37%, and NBV up 20%.

The company announced an agreement to acquire a 75% stake in Comvest Credit Partners, adding US$14.7 billion to their Global WAM platform. Global Wealth and Asset Management achieved net inflows of $0.9 billion and expanded its core EBITDA margin. Asia segment showed strong performance with core earnings up 13%, while U.S. segment faced challenges with core earnings down 53% due to unfavorable life insurance claims.

Manulife maintained a strong LICAT ratio of 136% and increased book value per common share by 5% year-over-year, while continuing share buybacks totaling $1.1 billion since the start of 2025.

Manulife Financial Corporation (NYSE:MFC) has declared quarterly dividends for its non-cumulative preferred shares, to be paid on or after September 19, 2025. The dividends will be distributed to shareholders of record as of August 20, 2025.

The announcement covers 11 different series of preferred shares, with dividend amounts ranging from $0.14675 to $0.396875 per share. This includes Class A Shares Series 2 and 3, as well as Class 1 Shares Series 3, 4, 9, 11, 13, 15, 17, 19, and 25.

Manulife (NYSE:MFC) has declared a quarterly dividend of $0.44 per share for common shareholders. The dividend will be payable on September 19, 2025, to shareholders of record as of August 20, 2025.

For shareholders participating in the Canadian and U.S. Dividend Reinvestment and Share Purchase Plans, Manulife will purchase common shares from the open market. The purchase price will be based on the average actual cost, with no applicable discounts.

Manulife Financial Corporation (NYSE:MFC) has announced it will release its second quarter 2025 financial results after market close on Wednesday, August 6, 2025. The company will host a live webcast and conference call on Thursday, August 7, 2025, at 8:00 a.m. ET featuring its executive leadership team.

The conference call will include a Q&A session with analysts, and participants can access it by dialing 1-800-806-5484 (North America) or 1-416-340-2217 (International) using passcode 8528599#. The archived webcast and call replay will be available until June 7, 2025.

Manulife Investment Management (NYSE:MFC) has successfully closed its third co-investment fund, Manulife Co-Investment Partners III, raising $1.1 billion - significantly exceeding its $750 million target and surpassing its 2021 predecessor fund by over $300 million.

The fund attracted diverse global investors, including pensions, insurance companies, asset managers, financial institutions, and family offices, with Manulife's General Account also making a capital commitment. The strategy leverages Manulife IM's network of over 200 sponsor partners to provide institutional investors direct access to middle market private equity opportunities.

Manulife IM's private equity and credit platform now manages over $28 billion in assets, including primary funds, co-investments, secondaries, and credit investments, as part of its broader private markets platform.

Manulife (MFC) has achieved the top ranking for AI maturity among life insurance companies in the inaugural Evident AI Index for Insurance, placing in the top five across the overall insurance industry. The company distinguished itself by ranking in the top 10 across all measured categories: Talent, Innovation, Leadership, and Transparency. The assessment, conducted by AI benchmarking platform Evident, evaluated 30 prominent insurance companies across North America and Europe. Manulife particularly excelled in Leadership and Transparency categories, demonstrating strong executive support and strategic AI investments. The company projects its digital investments, including AI initiatives, to deliver a threefold ROI over five years through 2027, with over $600 million in benefits expected in 2024 from global digital customer leadership initiatives.

Manulife (MFC) presented its Responsible AI Principles at the Reuters Momentum AI Summit, showcasing its commitment to ethical AI implementation. The company has 43 GenAI use cases in production and 450 ideas under evaluation as of Q1 2025. Manulife's principles focus on ethical data usage, customer safety, sustainability, bias-free solutions, human empowerment, and continuous learning. The company employs 200 data scientists and machine learning engineers and provides global access to GenAI tools for all employees. Notably, Manulife expects its digital investments, including AI initiatives, to generate a threefold ROI over five years through 2027, with over $600 million in benefits realized in 2024 from global digital customer leadership initiatives.

Manulife Financial Corporation (MFC) has announced plans to issue $500 million in subordinated debentures with a maturity date of May 23, 2035. The debentures will feature a fixed interest rate of 3.983% until May 23, 2030, after which it will switch to a floating rate of 1.32% over Daily Compounded CORRA. The offering is being managed by a syndicate co-led by RBC Capital Markets, Scotiabank, and TD Securities, with an expected closing date of May 23, 2025.

Subject to regulatory approval, MFC may redeem the debentures wholly or partially after May 23, 2030 at par value plus accrued interest. The company plans to use the proceeds for general corporate purposes, including subsidiary investments and potential redemption of existing securities.