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Manulife Financial Corp. - MFC STOCK NEWS

Welcome to our dedicated page for Manulife Financial news (Ticker: MFC), a resource for investors and traders seeking the latest updates and insights on Manulife Financial stock.

Manulife Financial Corporation (NYSE: MFC, TSX: MFC) is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario. Known for its extensive global presence, Manulife operates across Canada and Asia under the Manulife brand, and in the United States primarily through John Hancock Financial.

Manulife offers a variety of products including life insurance, annuities, and asset management solutions for both individuals and group customers. The company boasts an investment management unit that contributes approximately 20% of its earnings, managing around CAD 1.05 trillion in assets as of the end of 2023. The U.S. segment, operating as John Hancock, focuses on insurance products for estate, business, and income protection, contributing about 27% of Manulife's earnings. The Asian segment provides insurance and wealth accumulation products in over 11 countries, contributing around 30% to the company's earnings, while the Canadian segment contributes approximately 23%.

Manulife has recently achieved significant milestones, including closing a major reinsurance transaction with Global Atlantic, marking the largest long-term care (LTC) reinsurance deal in history. This transaction has unlocked capital which will be returned to shareholders via share buybacks. Additionally, the company has entered into a landmark Universal Life reinsurance agreement with RGA Life Reinsurance Company of Canada, releasing CAD 5.8 billion in reserves.

In 2024, Manulife has expanded its digital initiatives, enhancing customer experience through innovative tools like M-Pro in Vietnam and JHINI in the U.S. The company has also formed significant partnerships, including a fund-raising collaboration with the Indonesian Investment Authority and a multi-year research collaboration with MIT AgeLab focused on longevity innovation.

Manulife's commitment to sustainability is evident through its investment management arm, which oversees 5.4 million acres of timberland and 400,000 acres of farmland, all managed under rigorous sustainability standards.

As of the end of 2023, Manulife employed over 38,000 people and had more than 98,000 agents, serving over 35 million customers worldwide. The company trades on the Toronto, New York, and Philippine stock exchanges under the symbol 'MFC' and on the Hong Kong Stock Exchange under '945'. For more information, visit manulife.com.

News

Manulife Investment Management Names Anne Valentine Andrews as Global Head of Private Markets

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Manulife Investment Management (Manulife IM) has announced Anne Valentine Andrews will join as Global Head of Private Markets. With over 25 years of experience, she will lead the investment teams and strategy, working closely with the global product group and business leads to drive private market product innovation. Ms. Valentine Andrews joins from BlackRock, where she was Managing Director, Global Head of Infrastructure and Real Estate. Manulife IM currently manages approximately $120 billion USD of private markets assets and is recognized as the world's largest natural capital investment manager.
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John Hancock Investment Management Files Initial Registration Statement for New High Yield ETF Subadvised by Marathon Asset Management

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John Hancock Investment Management, a company of Manulife Investment Management, filed an initial registration statement for a new actively managed John Hancock High Yield ETF, expected to launch this year. The ETF will be subadvised by Marathon Asset Management LP and aims to maximize current income while seeking capital appreciation. It will invest at least 80% of its net assets in U.S.-dollar-denominated high-yield corporate bonds. The ETF suite of John Hancock Investment Management totals 13 funds with over $6 billion in assets under management as of 12/31/2023.
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Manulife to Release Fourth Quarter and Full Year 2023 Financial Results

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Manulife Financial Corporation is set to release its fourth quarter and full year 2023 financial results on February 14, 2024. The company will host a live webcast and conference call on February 15, 2024, where the executive leadership team will discuss the results and answer questions from analysts. The archived webcast and call replay will be available on the company's website.
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Manulife Investment Management Publishes Inaugural TNFD Aligned Nature-related Disclosure for Timberland and Agriculture

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Manulife Investment Management (MFC) has published its inaugural timberland and agriculture nature disclosure, aligned with the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD). The report outlines the responsible approach to stewardship of timberland and agricultural assets, totaling over $15 billion. Manulife IM has supported the TNFD since its early stages, championing the release of the TNFD's final recommendations and reporting framework. The TNFD aims to bring changes to the culture and actions of companies and financial institutions through risk management and mainstream corporate reporting as it relates to nature-related assessment and disclosure. Manulife IM believes independent third-party sustainability certification is a comprehensive mechanism for demonstrating sustainable asset management. Long-term thinking is fundamental to timberland and agriculture investment management, with financial models and asset management plans forecast over 50 years for timberland and 10 to 30 years for agriculture.
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Manulife Announces New Global Longevity Innovation Challenge, in Partnership with the World Economic Forum';s UpLink

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Manulife announces a new multi-year partnership with UpLink, the World Economic Forum's open innovation platform, to shape the future of longevity innovation and address demographic and financial challenges of global aging. The partnership includes annual Global Longevity Innovation challenges, aiming to promote healthier lifestyles and drive the longevity economy for society's health and well-being. The program will be activated across Manulife's global headquarters in Canada, the U.S., and Asia.
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Manulife named to 2023 Dow Jones Sustainability North America Index

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Manulife Financial Corporation (MFC) has been appointed to the Dow Jones Sustainability North America Index (DJSI North America), ranking in the 93rd percentile of its GICS® Industry Group. Manulife is one of only eight insurers across North America to be included in the index, highlighting its leading sustainable business practices and proven ability to deliver long-term shareholder value.
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Global Atlantic Announces $10 Billion Block Reinsurance Agreement with Manulife Across Both US and Japan Business

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Global Atlantic Financial Group (GAFG) has signed a $10 billion reinsurance agreement with Manulife Financial Corporation (MFC). This marks the third block transaction between the two companies and showcases Global Atlantic's ability to underwrite, structure, and execute on multiple liabilities across the global insurance market. The agreement will reinsure a seasoned and diversified block of Manulife’s life, annuity, and long-term care insurance business originated in the US and Japan. Global Atlantic will retain the underlying spread-based risks on a subset of the block that involves the LTC business. This deal further solidifies Global Atlantic's position as a reinsurer of choice in the annuity and life insurance marketplace.
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Manulife announces $13 billion reinsurance deal, including $6 billion of long-term care, with Global Atlantic

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Manulife Financial Corporation (MFC) has agreed to reinsure to Global Atlantic four blocks of legacy/low ROE business, including $6 billion of long-term care reserves, in the largest ever LTC reinsurance transaction. The $1.2 billion capital release will be returned to shareholders via share buybacks, resulting in core EPS and core ROE accretion. The deal is valued at 9.5 times earnings, and the pricing at book value demonstrates the prudence of reserves and the commitment to unlocking shareholder value.
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Manulife Investment Management Announces $1.2 Billion Industrial Recapitalization with Scannell Properties and StepStone Real Estate

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Manulife Investment Management (MFC) partners with Scannell Properties and StepStone Real Estate in a $1.2 billion venture to recapitalize 35 newly constructed Class A industrial assets in the US, spanning 10.4 million square feet across 17 markets. The partnership aims to leverage the strong industrial sector fundamentals and capture long-term logistics demand.
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Manulife Investment Management to Acquire Multi-Sector Alternative Credit Manager CQS

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Manulife Investment Management signs agreement to acquire multi-sector alternative credit manager CQS, enhancing global investment solutions. CQS's US$13.5 billion credit platform will be retained, benefiting from Manulife's strong capital base. The acquisition aims to scale distribution and support growth across strategies, while aligning the CQS brand with Manulife's.
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FAQ

What is the current stock price of Manulife Financial (MFC)?

The current stock price of Manulife Financial (MFC) is $32.33 as of November 18, 2024.

What is the market cap of Manulife Financial (MFC)?

The market cap of Manulife Financial (MFC) is approximately 57.1B.

What does Manulife Financial Corporation do?

Manulife Financial Corporation provides life insurance, annuities, and asset management products to individuals and group customers across Canada, the United States, and Asia.

Where is Manulife headquartered?

Manulife Financial Corporation is headquartered in Toronto, Ontario, Canada.

What brands does Manulife operate under in different regions?

Manulife operates as 'Manulife' across Canada and Asia and as 'John Hancock' in the United States.

What are some recent achievements of Manulife?

Recently, Manulife closed the largest LTC reinsurance transaction with Global Atlantic and entered into a CAD 5.8 billion Universal Life reinsurance agreement with RGA Life Reinsurance Company of Canada.

How much are Manulife's assets under management?

As of the end of 2023, Manulife's assets under management were around CAD 1.05 trillion.

What is Manulife's market presence?

Manulife serves over 35 million customers worldwide, employing more than 38,000 people and over 98,000 agents.

What is Manulife's trading symbol?

Manulife trades as 'MFC' on the Toronto, New York, and Philippine stock exchanges, and under '945' on the Hong Kong Stock Exchange.

What digital initiatives has Manulife introduced recently?

Manulife has introduced innovative tools like M-Pro in Vietnam and JHINI in the U.S. to enhance customer experience and improve operational efficiency.

What are Manulife's sustainability practices?

Manulife oversees 5.4 million acres of timberland and 400,000 acres of farmland, all managed under sustainable practices, including certifications like SFI® and FSC®.

What is the focus of Manulife's collaboration with MIT AgeLab?

Manulife's collaboration with MIT AgeLab focuses on researching longevity innovation to improve the quality of life for the aging population.

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Manulife Financial Corp.

NYSE:MFC

MFC Rankings

#247 Ranked by Market Cap
#572 Ranked by Dividends

MFC Stock Data

57.11B
1.75B
0.03%
58.81%
0.92%
Insurance - Life
Financial Services
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United States of America
Toronto