Welcome to our dedicated page for Manulife Finl news (Ticker: MFC), a resource for investors and traders seeking the latest updates and insights on Manulife Finl stock.
Manulife Financial Corporation (MFC) is an international financial services and direct life insurance company headquartered in Toronto, Canada, with shares listed on the Toronto, New York, and Philippine stock exchanges and under 945 in Hong Kong. This news page aggregates company‑related announcements, allowing investors and observers to review Manulife’s publicly reported developments in one place.
Manulife’s news flow covers a broad range of topics that reflect its role in life insurance, financial advice, and wealth and asset management. Recent releases include strategic sustainability initiatives such as the launch of Manulife Impact Forests, a global network of restoration sites in countries including Canada, the United States, Cambodia, Japan, and the Philippines, developed with community partners and veritree’s Smart Forest technology. Other updates highlight technology partnerships and AI adoption, including a multi‑year agreement with Adaptive ML to support Manulife’s enterprise AI platform and the deployment of AI‑enabled tools in areas like underwriting, customer service, and digital applications.
Investors can also find information on capital markets activity, such as the pricing of U.S. public offerings of senior notes, rating agency actions on Manulife and its subsidiaries, and communications about shareholder matters, including quarterly dividend declarations and responses to unsolicited mini‑tender offers. Operational and financial performance updates, including quarterly results, segment performance in Asia, Canada, the United States, and Global Wealth & Asset Management, and strategic acquisitions in asset management and insurance markets, are regularly reported through news releases.
By following this page, readers can review Manulife’s official communications on its strategy, financial performance, sustainability projects, AI initiatives, and shareholder information, based on the company’s own published news and regulatory disclosures.
Manulife Financial Corporation reported significant growth in its financial performance for 2021. Net income attributed to shareholders reached $7.1 billion, up $1.2 billion from the previous year, while core earnings also increased by 26% on a constant exchange rate basis. The company demonstrated a strong LICAT ratio of 142% and recorded net inflows of $27.9 billion in Global Wealth and Asset Management. With a 18% increase in quarterly dividends and a share buyback initiative, Manulife aims to enhance shareholder value while expanding its business in Asia.
On February 7, 2022, John Hancock announced a partnership with Wholesome Wave to improve food accessibility for underserved communities. Through its Vitality program, John Hancock will match customer savings on nutritious foods with donations, up to $200,000, to Wholesome Wave for 2022. This initiative targets nutrition insecurity, which contributes to serious health issues in the U.S. The program aims to support diet-related disease prevention and foster health equity.
Manulife has alerted shareholders about an unsolicited mini-tender offer from Obatan LLC to purchase up to 500,000 common shares at USD$14.40 each. This price reflects a 27.22% and 27.27% discount compared to the closing prices on January 24, 2022, and a 31.40% and 31.46% discount from February 2, 2022. Manulife does not endorse this offer, stressing that mini-tender offers may not reflect market prices adequately. Shareholders are advised to consult their investment advisors regarding this offer.
Manulife Financial Corporation has received approval from the Toronto Stock Exchange for a normal course issuer bid allowing the purchase of up to 97 million of its common shares, representing about 5% of its total shares. This program, effective from February 3, 2022, to February 2, 2023, aims to manage capital while enhancing shareholder value and addressing impacts from a recent reinsurance transaction. Manulife may conduct purchases via various trading platforms and has put in place an automatic share repurchase plan. Shares repurchased will be canceled.
On Feb 1, 2022, Venerable Holdings announced the successful close of a reinsurance transaction with Manulife Financial Corporation (MFC), covering approximately US$22 billion of variable annuity business. This deal, involving contracts primarily from John Hancock, boosts Venerable's assets under management to around $94 billion. Venerable's Chairman, David Marcinek, highlighted their proficiency in managing variable annuity liabilities and their focus on growth opportunities. The reinsured contracts include guaranteed minimum withdrawal benefits (GMWB) from policies issued between 2003 and 2012, with John Hancock retaining administration.
On February 1, 2022, Manulife announced the successful closure of the reinsurance transaction involving a significant portion of its legacy U.S. Variable Annuity block with Venerable Holdings, Inc. This strategic move, led by John Hancock Life Insurance, is designed to optimize Manulife's legacy portfolio, reduce risk, and enhance shareholder value. The transaction focuses on policies with Guaranteed Minimum Withdrawal Benefits riders and emphasizes a shift towards higher-potential business areas. John Hancock will continue to administer the policies for customer service continuity.
Manulife Financial Corporation announced plans to redeem all 19 million of its Non-cumulative Rate Reset Class 1 Shares Series 23 on March 19, 2022, for a total cash redemption of C$475 million. Shareholders will receive a final quarterly dividend of C$0.303125 per share on the same date. Following the redemption, shareholders will lose rights to dividends and other entitlements. This initiative is a strategic move to manage capital efficiently, reflecting Manulife's commitment to value for its shareholders.
Manulife Financial Corporation (MFC) announced plans to redeem all 10,000,000 Non-cumulative Rate Reset Class 1 Shares Series 7 on March 19, 2022, at a total cash price of C$250 million. The final quarterly dividend of C$0.2695 per share will also be paid on the same date to shareholders of record on February 23, 2022. Post-redemption, shareholders will no longer receive dividends or have any rights as holders, except for the redemption price.
On January 11, 2022, John Hancock Retirement released its eighth annual report highlighting the financial stress experienced by employees. Despite nearly 75% reporting financial stress, 66% of participants stated that access to financial wellness programs would increase their job retention. The report indicates a paradox; while employees feel financially confident, they also seek guidance for money management, with 89% emphasizing the importance of such programs. Key findings include that 71% have faced stress over the past year, and 68% are particularly concerned about healthcare costs in retirement.
John Hancock Investment Management launched the John Hancock Preferred Income ETF (ticker: JHPI) on December 15, 2021. This actively managed ETF aims to provide high current income by investing at least 80% of its net assets in preferred stocks and securities. The management team, led by Joseph H. Bozoyan and Bradley L. Lutz, oversees over $5 billion in income-generating strategies. The ETF responds to market demand for diversified income sources, offering potentially favorable yields with lower interest-rate sensitivity compared to traditional bonds.
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