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.
John Hancock has announced the addition of Apple Watch Series 10 to its Vitality Program for eligible life insurance customers. Vitality PLUS members can earn the new Apple Watch models for as little as $25 plus tax by maintaining regular physical activity. The program includes options for Apple Watch Series 10, Apple Watch SE, or Apple Watch Ultra 2 with an upgrade fee. Analysis shows Apple Watch users are 7 times more engaged in the program, earning significantly more points compared to non-users. Members can reduce monthly payments to $0 through regular activity over two years, while earning points that lead to additional rewards and insurance premium discounts.
John Hancock has announced the addition of Apple Watch Series 10 to its Vitality Program, offering eligible life insurance customers the opportunity to earn the latest Apple Watch models for as little as $25 plus tax through regular physical activity. Vitality PLUS members can choose from Apple Watch Series 10, Apple Watch SE, or Apple Watch Ultra 2 (with an upgrade fee).
The program has shown significant success, with Apple Watch users earning approximately 7 times more points compared to non-Apple Watch users in their current program year. Members can reduce their monthly payments to as low as $0 through regular activity, while earning Vitality Points that lead to additional rewards, including life insurance premium savings.
Manulife Financial has announced dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 17 and Series 18. For Series 17 shares outstanding after December 19, 2024, holders will receive fixed rate dividends of 5.542% annually or $0.346375 per share quarterly. For Series 18 shares, holders will receive floating rate dividends, with the initial rate set at 5.841% annually or $0.360063 per share for the period from December 20, 2024, to March 19, 2025. Shareholders can convert Series 17 shares to Series 18 shares by December 4, 2024. The TSX has conditionally approved listing Series 18 shares under symbol MFC.PR.S.
Manulife has announced a $5.4 billion reinsurance agreement with RGA, including $2.4 billion of long-term care (LTC) reserves. The transaction will reduce LTC reserves by 6% and morbidity sensitivity by 7%. Combined with a previous transaction, this will result in an 18% cumulative reduction in LTC reserves. The deal, priced at close to 1.0x book value, is expected to release $0.8 billion of capital which will be returned to shareholders through buybacks. The transaction includes a 75% quota share on both ceded blocks and is expected to close in early 2025. It will result in an annual reduction of $70 million in core earnings and $50 million in net income.
Manulife Financial (MFC) announced that President and CEO Roy Gori will retire effective May 8, 2025. The Board has appointed Phil Witherington, current CEO of Manulife Asia, as his successor. Witherington will join the Board of Directors upon succession, while Gori will serve as an Advisor through August 31, 2025.
Witherington, who has been part of Manulife's Executive Leadership Team since 2017, previously served as Chief Financial Officer for five years before his current role. He brings over 25 years of experience in insurance and financial services globally, having held positions at HSBC and AIA before joining Manulife in 2014.
Manulife Investment Management has announced organizational changes to enhance its equity operations by aligning Asia and Emerging Markets teams. Charlie Dutton has been appointed as Chief Investment Officer, Global Emerging Market Equities, overseeing US$25 billion in AUM across Asia and emerging markets equity strategies. The firm manages one of the largest equity teams in Asia, with over 90 investment professionals across 10 markets. The restructuring aims to improve research sharing and investment decision-making by leveraging local resources and insights. Additionally, Kathryn Langridge will retire in October 2025, while Ronald Chan is departing from his role as CIO, Asia ex-Japan Equity.
Manulife Financial (TSX/NYSE/PSE: MFC) has announced quarterly preferred share dividends for multiple share classes, payable on December 19, 2024, to shareholders of record as of November 20, 2024. The dividends range from $0.14675 to $0.396875 per share across 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 quarterly dividend of $0.40 per share for common shareholders. The dividend will be payable on December 19, 2024, to shareholders of record as of November 20, 2024. For participants in the Canadian and U.S. Dividend Reinvestment and Share Purchase Plans, common shares will be purchased on the open market at average cost pricing, with no applicable discounts.
Manulife Financial (MFC) reported strong Q3 2024 results with record core earnings of $1.8 billion, up 4% from Q3 2023. Key highlights include: core EPS of $1.00 (up 7%), net income of $1.8 billion (up $0.8 billion), and a LICAT ratio of 137%. The company saw significant growth with APE sales up 40%, new business CSM up 47%, and NBV up 39%. Global Wealth and Asset Management achieved net inflows of $5.2 billion, compared to net outflows of $0.8 billion in Q3 2023. The company maintained strong financial metrics with a core ROE of 16.6% and has returned over $2 billion to shareholders through share buybacks since the start of 2024.
Manulife Financial announced it will not redeem its 14,000,000 Non-cumulative Rate Reset Class 1 Shares Series 17 on December 19, 2024. Shareholders have the option to convert their Series 17 Preferred Shares to Series 18 Preferred Shares on a one-for-one basis. If less than 1,000,000 shares of either series would be outstanding after December 4, 2024, automatic conversion conditions apply. The dividend rates for both series will be announced on November 20, 2024. The Toronto Stock Exchange has conditionally approved listing of Series 18 Preferred Shares under the symbol 'MFC.PR.S'.