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) delivers insurance, wealth management, and retirement solutions across Canada, Asia, and the United States through its John Hancock division. This news hub provides investors and professionals with timely updates on corporate developments directly affecting market positioning and strategic direction.
Key resources include earnings reports, product innovation announcements, and regulatory filings. Users gain access to verified information about leadership changes, partnership agreements, and sustainability initiatives – all essential for assessing MFC's performance in global financial markets.
Regular updates cover digital transformation progress including AI implementation in customer service, reinsurance transactions, and expansion strategies in Asian markets. Content is curated to help stakeholders monitor operational milestones and industry trends impacting this multinational insurer.
Bookmark this page for streamlined access to MFC's official communications and third-party analyses. Combine frequent checks with portfolio reviews to maintain informed decision-making in dynamic financial markets.
John Hancock Funds III has announced a change in the dial-in instructions for the special shareholders meeting of John Hancock U.S. Growth Fund, scheduled for December 18, 2020, at 2:00 p.m. ET. The meeting will be held virtually due to COVID-19 concerns and is accessible only to eligible shareholders. The purpose is to vote on an update to the fund's diversification status. Proxy materials were filed with the SEC on October 20, 2020, and mailed to shareholders on November 5, 2020. Shareholders are encouraged to vote in advance by proxy.
On December 14, 2020, John Hancock, the U.S. division of Manulife (NYSE: MFC), announced the integration of Amazon Halo as the complimentary wearable for its Vitality Program. This collaboration aims to enhance customer health engagement by offering insights into activity, sleep, and health metrics. Eligible life insurance customers can earn Vitality Points through various health-related activities. The partnership aligns with John Hancock's commitment to improving customer wellness while providing life insurance benefits. The Amazon Halo service includes a wristband and a three-year membership for new Vitality PLUS members.
Roy Gori, President and CEO of Manulife, will address the Singapore Fintech Festival on December 11, 2020, at 4:40 pm ET. His talk will focus on the transformation within the insurance and asset management industry, emphasizing the importance of people and culture in this evolution. Manulife has a significant global presence, with over 35,000 employees and $1.3 trillion in assets under management. Interested participants can register through the provided link.
Manulife has issued a statement regarding an unsolicited mini-tender offer from Obatan LLC, aiming to purchase up to 100,000 common shares at USD$12.00 each, significantly below market value. This offer is less than 0.005% of outstanding shares and reflects a discount of over 27% compared to prior closing prices. Manulife advises shareholders to be cautious and not to accept the offer without consulting financial advisors. The company emphasizes that it does not endorse the offer and disconnects itself from Obatan's proposal, urging shareholders to verify market prices before making decisions.
Manulife is empowering its 35,000 global employees by providing the equivalent of $50 CAD each to support acts of kindness in their communities this holiday season. Forgoing year-end celebrations and gifts, the initiative encourages employees to donate or share their support stories online using #ManulifeActofKindness. In 2020, Manulife has donated nearly $5 million for various causes, including food security and healthcare support. With $1.3 trillion in assets under management, Manulife continues to strengthen its commitment to community well-being.
Hancock Natural Resource Group, part of Manulife Investment Management, has acquired approximately 149,000 acres of timberlands in southern Oregon from Weyerhaeuser Company. This acquisition aligns with Manulife's strategy to enhance private market opportunities across various sectors including timber and agriculture. Since 2017, the firm has acquired over 200,000 acres in the region, managing 635,000 acres in Oregon alone. The timberlands are well-stocked with Douglas-fir and white woods timber and are expected to be managed sustainably, benefiting local communities and the environment.
John Hancock Investment Management has significantly expanded its model portfolio availability, now accessible to over 50,000 advisors across various platforms. This growth, more than doubling in the past year, includes participation from broker-dealers, asset management platforms, and marketplaces. The portfolios, designed by Manulife Investment Management, utilize an open-architecture approach, enhancing diversification and risk management. Recent additions include ETF-only models and new income models to meet current investor demands.
Manulife Financial Corporation announced its plan to redeem its $350 million 2.389% Fixed/Floating Subordinated Debentures on January 5, 2021, at par value. This redemption will include accrued and unpaid interest until the redemption date. The company will provide formal notice to the debenture holders according to its Amended and Restated Trust Indenture. Manulife serves nearly 30 million customers with over $1.3 trillion in assets under management as of September 30, 2020, operating under the trade symbol 'MFC'.
Manulife has announced enhanced family leave benefits for its employees in Canada, effective January 1, 2021. This includes 20 weeks of paid maternity leave and 12 weeks for parental and adoption leave. Additionally, the company offers up to $20,000 for adoption and surrogacy support and comprehensive coverage for transgender care. These initiatives aim to reflect the company's commitment to diversity and employee well-being. Manulife's benefits have evolved since 2017, including mental health support and new medical marijuana coverage in Canada.
Manulife has appointed Leagh Turner to its Board of Directors, effective November 10, 2020. Ms. Turner, currently the President and COO of Ceridian HCM Holding Inc., brings extensive experience in technology and organizational transformation. She is also recognized for her advocacy for women in leadership, having been named among Canada's Top 100 Most Powerful Women twice. Ms. Turner will serve on the Management Resources and Compensation Committee and the Risk Committee, contributing to Manulife's strategy as a digital customer leader.
