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.
Manulife Financial (TSX/NYSE/PSE: MFC) has announced its quarterly preferred share dividends for multiple share classes. The dividends will be paid on or after March 19, 2025 to shareholders of record as of March 5, 2025.
The dividend payments vary by share class, ranging from $0.14675 to $0.396875 per share. The announcement covers eleven different preferred share series, including Class A Shares Series 2 and 3, and Class 1 Shares Series 3, 4, 9, 11, 13, 15, 17, 19, and 25.
Manulife (MFC) has announced a significant increase in its quarterly dividend for common shareholders. The Board of Directors approved a 10.0% increase, raising the dividend by 4 cents to $0.44 per share. The dividend will be payable on March 19, 2025, to shareholders of record as of March 5, 2025.
Regarding the company's Canadian and U.S. Dividend Reinvestment and Share Purchase Plans, Manulife will purchase common shares on the open market for dividend reinvestment and optional cash purchases. The purchase price will be based on the average actual cost without any applicable discounts.
Manulife Financial (MFC) has announced a new Normal Course Issuer Bid (NCIB) program to repurchase and cancel up to 51.5 million common shares, representing approximately 3% of its issued and outstanding shares. The program will run from February 24, 2025, to February 23, 2026.
The company can purchase up to 1,420,093 shares daily on the TSX, representing 25% of the average daily trading volume. Purchases will be made through TSX, NYSE, and alternative trading systems at prevailing market prices. Under its previous 2024 NCIB program, Manulife has already repurchased 88,466,133 shares at an average price of $39.11 per share.
The NCIB provides Manulife flexibility in its capital management strategy, balancing regulatory capital ratios with shareholder value generation. The company may also undertake repurchases outside North America and enter into derivative-based programs, subject to regulatory approval.
Manulife Financial (MFC) reported strong full year and fourth quarter results for 2024, with record core earnings of $7.2 billion, up 8% from 2023, and $1.9 billion in Q4, up 6% year-over-year. Net income attributed to shareholders reached $5.4 billion in 2024, a $0.3 billion increase from 2023.
The company achieved significant growth across key metrics, including core EPS of $3.87 (up 11%) and core ROE of 16.4%. Insurance new business results showed remarkable growth with 30%+ increases in APE sales, new business CSM, and NBV. Global WAM generated $13.3 billion in net inflows.
Notable developments include a 10% increase in quarterly dividend per common share and the announcement of a new NCIB program to repurchase up to 3% of outstanding common shares. The company also completed significant reinsurance transactions, including two LTC blocks, demonstrating progress in portfolio transformation.
Manulife Financial (MFC) has announced dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 19 and Non-cumulative Floating Rate Class 1 Shares Series 20. For Series 19 Preferred Shares outstanding after March 19, 2025, holders will receive fixed rate non-cumulative preferential cash dividends quarterly at 5.16900% per annum ($0.323063 per share per quarter) for the period from March 20, 2025, to March 19, 2030.
For Series 20 Preferred Shares, holders will receive floating rate dividends quarterly. The initial rate for March 20, 2025, to June 19, 2025, will be 1.29430% (5.13500% annualized) or $0.323575 per share. The Toronto Stock Exchange has conditionally approved listing Series 20 Preferred Shares under symbol MFC.PR.S. Beneficial owners of Series 19 shares can exercise conversion rights through their broker by March 4, 2025, 5:00 p.m. Toronto time.
Manulife Financial (MFC) has announced it will not exercise its right to redeem its 10,000,000 Non-cumulative Rate Reset Class 1 Shares Series 19 on March 19, 2025. Instead, shareholders have the option to convert their Series 19 Preferred Shares to Series 20 Preferred Shares on a one-for-one basis.
Key conversion conditions include automatic conversion if less than 1,000,000 Series 19 Preferred Shares would remain outstanding, or no conversion if less than 1,000,000 Series 20 Preferred Shares would result. The Toronto Stock Exchange has conditionally approved listing of Series 20 Preferred Shares under the symbol 'MFC.PR.S'.
Dividend rates for both series will be announced on February 18, 2025. Shareholders wishing to convert must instruct their broker before 5:00 p.m. (Toronto time) on March 4, 2025.
Manulife Financial (TSX/NYSE/PSE: MFC) has announced it will release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 19, 2025. The company will host a live webcast and conference call on Thursday, February 20, 2025, at 8:00 a.m. ET, where executive leadership will discuss results and conduct a Q&A session with analysts.
The conference call can be accessed via 1-800-806-5484 or 1-416-340-2217 (Passcode: 8414068#). The archived webcast will be available on Manulife's investor website, and a replay will be accessible until March 22, 2025, by calling 1-800-408-3053 or 1-905-694-9451 (Passcode: 7315507#).
Manulife Investment Management has announced the final close of its Manulife Forest Climate Fund with $480.1 million in commitments from U.S. investors, corporates, and global institutional investors. The fund aims to promote climate change mitigation through sustainably managed forests, prioritizing carbon sequestration over timber production.
The fund has already acquired over 150,000 acres and is approaching 50% deployment, with three key acquisitions: Eagle Cap in Oregon/Washington, Siscowet in Michigan, and Oak Bluff across Mississippi, Louisiana, and Arkansas. The fund targets sequestering over 6 million tons of carbon dioxide over its term, offering investors high-quality carbon credits with annual optionality for in-kind distributions or offset sales.
As the world's leading timberland investment manager with over five million acres under management, Manulife IM continues to expand its $100 billion diversified private markets platform, focusing on natural climate solutions to drive impact and results for clients.
Manulife Investment Management (MFC) has appointed Ryan Hanna as Global Chief Operating Officer of Private Markets. Hanna will oversee the company's $100 billion diversified private markets platform, which includes infrastructure, real estate, private equity, private credit, timberland, and agriculture investments.
Based in New York and reporting to Anne Valentine Andrews, Global Head of Private Markets, Hanna brings nearly two decades of experience to the role. He will focus on scaling Manulife IM's private markets business and implementing strategic growth initiatives. Previously, Hanna held senior positions at GCM Grosvenor, including co-head of the Global Client Group, where he managed capital formation, investor relations, and platform expansion.
The appointment aligns with Manulife IM's commitment to expanding its global private markets platform to meet increasing demand from institutional and individual investors seeking portfolio diversification through private market investments.
Manulife (MFC) has successfully completed its previously announced reinsurance transaction with Reinsurance Group of America (RGA), covering two blocks of legacy business, including a younger block of long-term care (LTC) insurance. This marks Manulife's second significant LTC reinsurance transaction, demonstrating the company's prudent approach to LTC reserves and assumptions.
According to CEO Roy Gori, this strategic move aligns with Manulife's commitment to enhancing shareholder value and restructuring its portfolio towards higher returns with lower risk profiles. The company has now successfully reinsured both mature and younger LTC blocks.