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.
On February 10, 2021, Manulife Financial Corporation announced quarterly dividends for its non-cumulative preferred shares, payable on or after March 19, 2021. Shareholders of record by February 23, 2021, will receive the following amounts per share: Class A Shares Series 2 - $0.29063, Series 3 - $0.28125; Class 1 Shares Series 3 - $0.136125, Series 4 - $0.092465, Series 5 - $0.243188, Series 7 - $0.2695, Series 9 - $0.271938, Series 11 - $0.295688, Series 13 - $0.275875, Series 15 - $0.236625, Series 17 - $0.2375, Series 19 - $0.229688, Series 21 - $0.35, Series 23 - $0.303125, Series 25 - $0.29375.
Manulife Financial Corporation's Board of Directors declared a quarterly dividend of $0.28 per share on common shares, payable on or after March 19, 2021. Shareholders of record by the close of business on February 23, 2021 will receive this dividend. The Company will utilize its Canadian and U.S. Dividend Reinvestment and Share Purchase Plans to purchase common shares on the open market. As of December 31, 2020, Manulife managed $1.3 trillion in assets and served over 30 million customers globally, reinforcing its status as a leading financial services group.
Manulife Financial Corporation reported a net income attributed to shareholders of $5.9 billion for 2020, increasing by $0.3 billion from 2019, with $1.8 billion in 4Q20. However, core earnings declined to $5.5 billion, down $0.5 billion from the previous year.
Despite a strong LICAT ratio of 149%, new business value (NBV) dropped by 13% year-over-year, and annual premium equivalent (APE) sales fell 8%. Manulife achieved $8.9 billion in global wealth and asset management net inflows, contrasting a $0.9 billion outflow in 2019.
Hancock Natural Resource Group, part of Manulife Investment Management, has acquired a majority stake in Chilean fruit production and export firm David Del Curto S.A. This acquisition diversifies Manulife's agricultural portfolio under its Farmland Plus initiative. DDC operates over 11 farms and three packing facilities, producing a variety of fruits and managing significant sales relationships in global markets. The acquisition aims to expand operations and enhance marketing partnerships, leveraging DDC's strong market position and the expertise of its existing management team.
Manulife Investment Management's Global Intelligence report forecasts a promising global economic recovery, focusing on COVID-19's impact on sustainable investing and fixed income strategies. Key insights reveal a K-shaped recovery, rising inflation, and opportunities in Asian fixed income. The report emphasizes the growing demand for ESG investments, particularly in light of the Paris Agreement, while also highlighting the importance of flexibility in real estate investments. As of September 30, 2020, the firm manages CAD$923 billion (US$692 billion) in assets.
Manulife Financial Corporation (MFC) will announce its fourth quarter and year-end 2020 financial results on February 10, 2021, after market close. A conference call to discuss the results will take place on February 11, 2021, at 8:00 a.m. ET, featuring CEO Roy Gori and CFO Phil Witherington. Interested parties can access the call via phone or through a live webcast. The company, headquartered in Toronto, Canada, reported $1.3 trillion in assets under management as of September 30, 2020, and provided $31.2 billion in payments to customers in the past year.
Manulife Investment Management has announced the construction of a new 175,414 sq. ft. high-image warehouse facility at 955 Weigel in Elmhurst, Illinois, in partnership with Crow Holdings Industrial. The project aims to provide durable returns and is strategically located near O'Hare International Airport, with access to major expressways. This development is positioned to meet strong demand in sectors such as e-commerce and healthcare. The facility is expected to be completed in early 2021, enhancing Manulife's extensive real estate portfolio totaling over 63 million sq. ft.
John Hancock Investment Management, part of Manulife Investment Management, announced the creation of three strategic roles in its distribution organization to enhance client service and internal synergies. The appointments include Andrew J. McFetridge as head of strategic relationships, Darren D. Smith as head of U.S. sales, and Kathleen Pritchard as head of value add. These changes aim to better adapt to the evolving needs of financial professionals, as highlighted by Jeffrey O. Duckworth, head of intermediary distribution.
Manulife Investment Management has appointed Scott Greenberg as managing director of institutional distribution, focusing on business development in the southeast United States. He will work from Miami, Florida, collaborating with institutional investors to provide various investment solutions including agriculture, real estate, and fixed income. Reporting to Michael Kotarski, Greenberg brings extensive experience from his previous roles at Nuveen and GE Asset Management. As of September 30, 2020, Manulife managed CAD$923 billion (US$692 billion) in assets.
Summary not available.