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's Board of Directors has declared a quarterly dividend of $0.28 per share on common shares, payable on or after September 21, 2020. Shareholders on record by the close of business on August 17, 2020 will receive this dividend. The company will purchase common shares for its Dividend Reinvestment and Share Purchase Plans at market prices, without applicable discounts. As of June 30, 2020, Manulife had $1.2 trillion in assets under management and administration, serving nearly 30 million customers globally.
Manulife Financial Corporation reported its 2Q20 results with net income of $727 million, down from $1.475 billion in 2Q19. Core earnings increased by 5% year-over-year to $1.561 billion, while the core return on equity was 12.2%. New business value declined by 22% to $384 million. APE sales fell 15% to $1.176 billion. The company achieved a strong LICAT ratio of 155% and reported net inflows of $5.1 billion in Wealth and Asset Management. The expense efficiency ratio improved to 48.9%, reflecting a 3.6 percentage point decline from the previous year.
Manulife Investment Management released its Global Intelligence report, detailing economic recovery insights amid COVID-19's impact. The report discusses geopolitical factors across the U.S., Europe, and India, emphasizing macro trends such as the search for yield and ESG investments. It highlights potential growth opportunities in timberland assets and warns of bond market risks due to central bank interventions. The firm advocates for a long-term perspective and diversification in investment approaches to navigate ongoing volatility. As of March 31, 2020, Manulife managed CAD$832 billion in assets.
Manulife Financial Corporation will announce its second quarter 2020 financial results after market close on August 5, 2020. The company will host a live webcast conference call with analysts on August 6, 2020, at 8:00 a.m. ET. Leading the call will be Roy Gori, President and CEO, and Phil Witherington, CFO. Investors can dial in 15 minutes early using local and toll-free numbers. Archived webcasts and call replays will be available following the event. Manulife operates internationally across several regions, with significant assets under management.
John Hancock announced the pivot of its 13th annual MLK Scholars Program to a virtual format due to COVID-19, aiming to support Boston's youth amid soaring unemployment rates, which reached a record high of 31%. The $1.2 million initiative will provide over 600 job assignments, leadership forums, and financial literacy training. Despite the program's adaptation, John Hancock remains committed to fostering economic opportunities and inclusivity. The program will also employ 35 interns at John Hancock and offer expanded access to digital learning resources for all Boston students.
John Hancock has launched the JH eApp, an innovative electronic application platform designed to modernize the life insurance purchasing process. This platform streamlines submissions for applicants aged 18-79, drastically reducing processing times from weeks to mere minutes. Notably, it offers an instant underwriting decision through John Hancock ExpressTrack for eligible applicants. This initiative comes in response to increasing digital demands, particularly during the COVID-19 pandemic, and aims to enhance the sales experience for insurance agents and clients alike.
John Hancock has appointed Amanda Weaver as Assistant Vice President of Government Relations, focusing on Long Term Care (LTC) legislation and regulatory issues. She replaces Marie Roche, who is retiring after 40 years with the company. Weaver brings extensive experience, including eight years at Health Care Service Corporation and involvement with the National Association of Insurance Commissioners. Her role entails strategic planning for LTC initiatives and supporting outreach for John Hancock's life insurance business.