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 reports developments across its international insurance, financial advice, health solutions, and wealth and asset management businesses. The company operates as Manulife in Canada and Asia and primarily as John Hancock in the United States, with news commonly covering insurance distribution, retirement services, investment solutions, customer health and longevity initiatives, and community programs.
Recurring updates also include quarterly and annual results, dividend announcements, annual meeting materials, management information circulars, shareholder voting matters, executive conference participation, and capital actions involving common and preferred shares. News from John Hancock adds detail on U.S. insurance sales, executive benefits, the John Hancock Vitality program, and longevity-focused research and planning tools.
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Manulife Financial Corporation is set to release its Q1 2023 financial results on May 10, 2023, after market closure. The results will be available on their investor relations website. A live webcast and conference call will follow on May 11, 2023, at 8:00 a.m. ET, featuring insights from the executive leadership team.
This announcement marks the first quarterly report under IFRS 17 and IFRS 9 accounting standards, effective January 1, 2023, and the call duration has been extended to two hours to accommodate discussions on these changes. Investors can access the replay until August 5, 2023.
Manulife Financial Corporation (MFC) announced it will not redeem its 10,000,000 Non-cumulative Rate Reset Class 1 Shares Series 25 on June 19, 2023. Instead, Series 25 shareholders can convert their shares into Non-cumulative Floating Rate Class 1 Shares Series 26 on the same date. If fewer than 1,000,000 Series 25 shares remain after June 5, 2023, all will convert automatically to Series 26 shares. The dividend rates for both share series will be determined and announced on May 23, 2023. Series 26 shares, once converted, will be listed on the Toronto Stock Exchange (TSX) under the symbol MFC.PR.S. Additionally, the Series 25 and Series 26 shares will not be registered under U.S. securities laws, limiting their sale to U.S. persons.
Manulife Financial Corporation (MFC) announced an updated Statistical Information Package (SIP) template in preparation for its Q1 2023 financial results set for May 10, 2023. This update incorporates changes due to the implementation of IFRS 17 and IFRS 9 standards, effective January 1, 2023. The new SIP template is designed to enhance the clarity and comprehensibility of financial data presentation. A summary of the changes is also available to assist users in understanding these updates. Interested parties can access the SIP and the summary through Manulife’s investor relations website.
On April 18, 2023, John Hancock Retirement, part of Manulife Investment Management, released its annual stress, finances, and well-being report, highlighting significant financial concerns among employees. The report indicates that 38% of employees expect to retire later than planned, an increase from 24% last year. Economic worries are prevalent, with 70% of respondents deeply concerned about inflation and economic conditions. Over half of the participants (58%) are worried about their personal finances, with 42% rating their financial situation as fair or poor. Despite these challenges, 71% plan to grow or maintain their savings. Notably, employee financial stress costs employers nearly $2,000 per employee in lost productivity. The survey underlines the importance of financial wellness programs, with 82% of employees believing such programs could reduce their stress.