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.
Manulife Financial (MFC) reported strong Q3 2024 results with record core earnings of $1.8 billion, up 4% from Q3 2023. Key highlights include: core EPS of $1.00 (up 7%), net income of $1.8 billion (up $0.8 billion), and a LICAT ratio of 137%. The company saw significant growth with APE sales up 40%, new business CSM up 47%, and NBV up 39%. Global Wealth and Asset Management achieved net inflows of $5.2 billion, compared to net outflows of $0.8 billion in Q3 2023. The company maintained strong financial metrics with a core ROE of 16.6% and has returned over $2 billion to shareholders through share buybacks since the start of 2024.
Manulife Financial announced it will not redeem its 14,000,000 Non-cumulative Rate Reset Class 1 Shares Series 17 on December 19, 2024. Shareholders have the option to convert their Series 17 Preferred Shares to Series 18 Preferred Shares on a one-for-one basis. If less than 1,000,000 shares of either series would be outstanding after December 4, 2024, automatic conversion conditions apply. The dividend rates for both series will be announced on November 20, 2024. The Toronto Stock Exchange has conditionally approved listing of Series 18 Preferred Shares under the symbol 'MFC.PR.S'.
Manulife Financial has announced it will release its third quarter 2024 financial results after markets close on Wednesday, November 6, 2024. The company will host a live webcast and conference call on Thursday, November 7, 2024, at 8:00 a.m. (ET), where executive leadership will discuss results and conduct a Q&A session with analysts. The webcast will be archived and available for replay, along with a conference call replay option available until December 7, 2024.
Manulife and the World Economic Forum have announced the winners of the 'Prospering in Longevity Challenge' through UpLink, the Forum's open innovation platform. Ten global start-ups were selected for their innovative approaches to preventative health care and financial wellness for longer lives. Each winner will receive C$50,000 in prize money and access to UpLink's Innovation Ecosystem.
The challenge aims to address the longevity crisis, as the global population over 65 is expected to double to 1.6 billion by 2050. Manulife's partnership with the World Economic Forum and UpLink focuses on finding accessible solutions to help people live longer, healthier, and better lives.
This challenge is the first of three innovation challenges designed to shape the future of the longevity economy. The next two challenges will be held in 2025 and 2026 with new thematic focus areas.
Manulife Financial (MFC) has announced its intention to redeem all outstanding 500 million Singapore dollars principal amount of 3.00% Subordinated Notes on November 21, 2024. The Notes, originally due November 21, 2029, are redeemable at MFC's option at par value. The redemption will include accrued and unpaid interest up to, but not including, the redemption date. MFC will deliver formal notice to Note holders as per the Trust Indenture. Interest on the Notes will cease to accrue on the redemption date. This redemption option applies to the entire principal amount and can be exercised on November 21, 2024, or any subsequent interest payment date.
Manulife Investment Management (Manulife IM), the world's largest manager of natural capital with over $16 billion in assets under management in timberland and agriculture, has released three reports on sustainable investing. These include the Natural Capital Sustainability report, Task Force on Climate-Related Financial Disclosures (TCFD) report, and Sustainable and Responsible Investing (SRI) report.
Key highlights include:
- Planting over 50 million seedlings and producing lumber for 100,000 houses
- 100% of client agriculture properties using at least one regenerative practice
- 90% of global real estate equity portfolio earning green building certifications
- Removing an estimated 1.5 million tons of CO2e from the atmosphere
- Achieving a GRESB 5 Star rating for the sixth consecutive year
Manulife IM aims to incorporate climate-related risks and sustainability factors into investment decisions to enhance long-term financial value for clients.
Manulife Financial (TSX/NYSE/PSE: MFC) has announced quarterly dividends on its non-cumulative preferred shares, payable on or after September 19, 2024, to shareholders of record as of August 21, 2024. The dividends range from $0.14675 to $0.396875 per share across various Class A and Class 1 share series. This declaration demonstrates Manulife's commitment to providing regular returns to its preferred shareholders and reflects the company's financial stability. The diverse range of preferred share classes offers investors different options for dividend income within Manulife's capital structure.
Manulife (TSX/NYSE/PSE: MFC, SEHK: 945) has declared a quarterly common shareholders' dividend of $0.40 per share, payable on September 19, 2024, to shareholders of record as of August 21, 2024. For the company's Canadian and U.S. Dividend Reinvestment and Share Purchase Plans, Manulife will purchase common shares on the open market for dividend reinvestment and optional cash purchases. The purchase price will be based on the average actual cost without discounts. This announcement demonstrates Manulife's commitment to providing regular returns to its shareholders and maintaining its dividend program.
Manulife Financial (MFC) reported positive second quarter 2024 results. Key metrics include:
- Core earnings of $1.7 billion, up 6%
- Net income attributed to shareholders of $1.0 billion
- Core EPS of $0.91, up 9%
- EPS of $0.52, up 1%
- Core ROE at 15.7%
- LICAT ratio of 139%
- APE sales up 17%
- New business value up 23%
Asia saw core earnings grow 40%, while Global Wealth and Asset Management showed a 23% increase in core earnings. Canada witnessed a 7% increase in core earnings, though the U.S. saw an 11% decline. Manulife also repurchased $1.1 billion worth of common shares and plans to buy back 90 million shares, representing a capital return of over $3 billion. Strategic growth initiatives included expanding partnerships, deploying AI tools, and enhancing customer service offerings.
Manulife Financial (TSX/NYSE/PSE: MFC, SEHK: 945) has announced the release of its second quarter 2024 financial results. The results will be made public after markets close on Wednesday, August 7, 2024, and will be available on the company's website. A live webcast and conference call are scheduled for Thursday, August 8, 2024, at 8:00 a.m. (ET), where Manulife's executive leadership team will discuss the results and answer analysts' questions.
Interested parties can access the conference call by dialing 1-800-806-5484 (North America toll-free) or 1-416-340-2217 (local and international) using the passcode 6941503#. The archived webcast and a replay of the call will be available until September 7, 2024.
