Manulife Finl Stock Price, News & Analysis

NineDot Energy announced completion of a $175 million revolving debt facility from Deutsche Bank (NYSE:DB) to fund development of community-scale battery energy storage in New York City on October 9, 2025.

The financing will support grid interconnection deposits, equipment procurement, and construction, enabled repayment of an existing revolver with NY Green Bank, and underpins NineDot’s plan to scale after operating seven projects that served about 26,000 households during a recent summer.

NineDot has >60 projects in development or construction and targets 400 MW in development, construction or operation by end of 2026, aligning with New York State’s 6,000 MW by 2030 battery-storage goal.

Manulife (NYSE:MFC) and UpLink, the World Economic Forum's innovation initiative, have announced the winners of their 'Innovating for Asia's Demographic Future Challenge'. The competition, which received over 85 submissions, selected 10 innovative ventures focused on supporting financial resilience, healthy aging, and lifelong fulfillment across Asia.

Three top innovators will share a CAD $200,000 prize fund. The winning solutions range from AI-powered healthcare platforms to financial management tools, addressing critical challenges in Asia's aging demographics. Winners include ventures like Agewhale's Care Compass app for elderly care, AqlCare's cognitive screening technology, and DoctorTool's AI-powered healthcare digitization platform.

This challenge is the second in a three-part longevity-focused innovation series, with the final challenge scheduled for 2026. The initiative addresses Asia's demographic transformation, where one in four people will be over 60 by 2050.

Manulife (NYSE:MFC) announced that President and CEO Phil Witherington will participate in a fireside chat at the 26th Scotiabank Financials Summit on September 4, 2025. The presentation is scheduled for 1:00 p.m. ET.

Investors can access both the live webcast and a 90-day replay through Manulife's Investor Relations website.

Manulife (NYSE:MFC) has appointed Mike Coyne as its new General Counsel, effective September 1, 2025. Coyne, who will join Manulife's Executive Leadership Team and report to President and CEO Phil Witherington, brings extensive experience from his recent role at the Bank Policy Institute and previous positions at MUFG and JPMorgan Chase.

Coyne's appointment comes as current General Counsel Jim Gallagher retires. The new General Counsel brings significant expertise in leading legal teams, managing complexity, and leveraging technology, along with a strong background in global financial services leadership.

Manulife Investment Management (NYSE:MFC) has announced two key appointments to strengthen its Asian presence. June Chua has been appointed as Head of Asian Equities, effective August 4, 2025, leading a team of over 90 investment professionals across 10 markets. She brings 25+ years of investment experience and will oversee the firm's Asian equity strategies, which currently manage US$241 billion in AUM.

Additionally, Yuting Shao has joined as Senior Global Macro Strategist in the Multi-Asset Solutions team, bringing over 8 years of experience in macro strategies focusing on China and Emerging Markets Asia. Both appointments underscore Manulife's century-long presence in Asia and its commitment to enhancing its investment capabilities in the region.

Manulife Financial Corporation (TSX: MFC) has announced the acquisition of 75% of Comvest Credit Partners for US$937.5 million in upfront consideration, with potential additional payments of up to US$337.5 million based on performance targets.

The transaction combines Manulife's US$3.7 billion Senior Credit team with Comvest's US$14.7 billion platform, creating a leading US$18.4 billion private credit asset management platform to be branded as Manulife | Comvest. The deal is expected to close in Q4 2025 and will be immediately accretive to core EPS, core ROE, and core EBITDA margin.

Robert O'Sullivan, Comvest's Co-Founder and CEO, will lead the newly aligned business, reporting to Anne Valentine Andrews, Global Head of Private Markets. The transaction will be funded with cash on hand, resulting in less than a 3-point reduction to Manulife's LICAT ratio.

Manulife (NYSE:MFC) reported Q2 2025 results with core earnings of $1.7 billion, showing a 2% decrease from Q2 2024. The company delivered net income of $1.8 billion, up $0.7 billion year-over-year, with core ROE at 15.0%. Key highlights include APE sales up 15%, new business CSM up 37%, and NBV up 20%.

The company announced an agreement to acquire a 75% stake in Comvest Credit Partners, adding US$14.7 billion to their Global WAM platform. Global Wealth and Asset Management achieved net inflows of $0.9 billion and expanded its core EBITDA margin. Asia segment showed strong performance with core earnings up 13%, while U.S. segment faced challenges with core earnings down 53% due to unfavorable life insurance claims.

Manulife maintained a strong LICAT ratio of 136% and increased book value per common share by 5% year-over-year, while continuing share buybacks totaling $1.1 billion since the start of 2025.

Manulife Financial Corporation (NYSE:MFC) has declared quarterly dividends for its non-cumulative preferred shares, to be paid on or after September 19, 2025. The dividends will be distributed to shareholders of record as of August 20, 2025.

The announcement covers 11 different series of preferred shares, with dividend amounts ranging from $0.14675 to $0.396875 per share. This includes Class A Shares Series 2 and 3, as well as Class 1 Shares Series 3, 4, 9, 11, 13, 15, 17, 19, and 25.

Manulife (NYSE:MFC) has declared a quarterly dividend of $0.44 per share for common shareholders. The dividend will be payable on September 19, 2025, to shareholders of record as of August 20, 2025.

For shareholders participating in the Canadian and U.S. Dividend Reinvestment and Share Purchase Plans, Manulife will purchase common shares from the open market. The purchase price will be based on the average actual cost, with no applicable discounts.