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.
AM Best has reaffirmed the Credit Ratings of
Manulife Investment Management released its third annual sustainable and responsible investing report, highlighting significant progress in ESG integration, active stewardship, and global collaboration on sustainability issues. The firm's sustainability team expanded from 16 to 25 professionals. Notably, it enhanced its proxy voting practices and was recognized in the 2020 PRI Leaders' Group for climate reporting. As of September 30, 2021, assets under management totaled CAD 1.1 trillion (USD 835 billion). The firm continues to focus on delivering positive environmental and societal impacts while meeting evolving client needs.
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On November 15, 2021, Venerable Holdings announced a reinsurance agreement with Manulife Financial Corporation (NYSE: MFC) to reinsure approximately US$22 billion of variable annuity business from John Hancock. The agreement primarily involves contracts with guaranteed minimum withdrawal benefits (GMWB) issued between 2003 and 2012. This transaction is expected to increase Venerable's assets under risk management from US$71 billion to US$94 billion on a pro forma basis as of March 31, 2021, and is projected to close in Q1 2022, pending customary conditions.
Manulife announced an agreement with Venerable Holdings to reinsure over 75% of its U.S. Variable Annuity block, unlocking C$2.0 billion in capital and realizing a one-time after-tax gain of C$750 million. The transaction will decrease annual earnings by approximately C$200 million in 2022 but is anticipated to enhance shareholder value through a significant share buyback. This move reduces equity sensitivities by more than 75% and aims for core EPS growth of 10% to 12% in the medium term. The deal is set to close in Q1 2022.
On November 15, 2021, John Hancock announced an expansion of its Vitality Program with the introduction of the Apple Watch Series 7 for life insurance customers. Vitality PLUS members can obtain the watch for as low as $25 plus tax by engaging in regular exercise. The Apple Watch promotes health management by tracking fitness metrics and encouraging wellness activities. A survey indicated that 85% of users feel motivated to exercise using the watch, enhancing customer engagement with the program. John Hancock aims to support healthier living through technology and incentives.
Manulife Investment Management has unified its private markets business under a single global brand, concluding a multi-year strategy. The firm now manages US$835 billion in assets, with US$58 billion in private equity and credit, and real assets, enhancing its sustainability focus through ESG integration. Hancock Natural Resource Group is rebranded as Manulife Investment Management Timberland and Agriculture Inc. This rebranding aims to drive future growth, leveraging diverse capabilities in timberland and agriculture across multiple geographies.
Manulife Financial Corporation (MFC) has completed a successful offering of $1.2 billion principal amount of 4.10% Limited Recourse Capital Notes Series 2. The offering included the issuance of 1,200,000 Non-Cumulative Fixed Rate Reset Class 1 Shares Series 28. The Notes are backed by assets in the Limited Recourse Trust, limiting recourse for noteholders in case of non-payment. The offering was facilitated by RBC Capital Markets, Scotiabank, and TD Securities and is not registered for sale in the U.S. This financial maneuver aims to support MFC's capital structure.
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John Hancock Investment Management has launched share classes A, C, I & R6 of the John Hancock Mid Cap Growth Fund following the successful merger with the John Hancock Mid Cap Stock Fund on October 15, 2021. This fund aims for long-term growth by investing at least 80% of its net assets in equity securities of mid-sized companies. Managed by Wellington Investment Management, the merger is expected to reduce expenses and enhance asset growth opportunities for shareholders.