Manulife Finl Stock Price, News & Analysis

Manulife Financial Corporation (MFC) has announced quarterly dividend payments for its non-cumulative preferred shares. The dividends will be payable on or after June 19, 2025 to shareholders of record as of May 21, 2025. The dividend rates vary across different share classes:

- Class A Series 2: $0.29063 per share - Class A Series 3: $0.28125 per share - Class 1 Series (ranging from 3 to 25): $0.14675 to $0.396875 per share

This announcement demonstrates Manulife's commitment to providing regular returns to its preferred shareholders.

Manulife (MFC) has announced its latest quarterly dividend for common shareholders. The company's Board of Directors has declared a dividend of $0.44 per share, which will be payable on June 19, 2025, to shareholders of record as of May 21, 2025.

Regarding the company's Canadian and U.S. Dividend Reinvestment and Share Purchase Plans, Manulife will purchase common shares from the open market for dividend reinvestment and optional cash purchases. The purchase price will be determined by the average actual cost of acquiring these shares, with no applicable discounts offered.

Manulife (MFC) reported Q1 2025 results with mixed performance. Core earnings were $1.8 billion, down 1% YoY, while net income decreased to $0.5 billion from $0.9 billion in Q1 2024. The company achieved record insurance new business results, with APE sales up 37%, new business CSM up 31%, and NBV up 36%. Core EPS increased 3% to $0.99, while maintaining a strong LICAT ratio of 137%. Key segment performance: • Asia: Strong growth with core earnings up 7%, NBV up 43% • Global WAM: Core earnings up 24%, net inflows of $0.5B (down from $6.7B) • Canada: Core earnings up 3%, NBV up 15% • U.S.: Core earnings down 25%, NBV up 30% Notable developments include completing a long-term care reinsurance transaction, launching new digital retirement solutions, and renewing a key bancassurance partnership in the Philippines. The company maintained a solid financial position with a 23.9% leverage ratio and 12% growth in book value per share.

Manulife (MFC) has released its 2024 Sustainability Report and Public Accountability Statement, highlighting several key initiatives. The company launched a US$480 million Forest Climate Fund and partnered with Uplink to support longevity innovation through annual challenges, offering $50,000 to each of ten winning startups. Notable partnerships include collaborations with MIT AgeLab for longevity research, CAMH for women's mental health research, and Mind HK for mental health awareness.

The company expanded its financial literacy programs, including the Smart$ense campaign in the US, and established Responsible AI Principles to ensure ethical AI development. Serving over 36 million customers globally, Manulife focuses on three main areas: empowering health and wellbeing, driving inclusive economic opportunity, and accelerating a sustainable future.

Manulife Financial (MFC) has announced it will release its first quarter 2025 financial results after market close on Wednesday, May 7, 2025. The company will host a live webcast and conference call on Thursday, May 8, 2025, at 8:00 a.m. (ET), where the executive leadership team will discuss the results and conduct a Q&A session with analysts.

The conference call can be accessed via phone at 1-800-806-5484 or 1-416-340-2217 (Passcode: 3499479#). The archived webcast will be available on Manulife's investor relations website, and a replay will be accessible until June 7, 2025, by dialing 1-800-408-3053 or 1-905-694-9451 (Passcode: 9456881#).

Manulife Investment Management has successfully closed Manulife Private Equity Partners III with approximately US$660 million in commitments. The fund, representing the company's third private equity fund of funds, was established in partnership with Ardian, featuring a portfolio of private equity fund interests and co-investments in North American buyout funds with over 15 leading private equity managers.

The fund will be managed by Richard Tarr, Managing Director of Private Equity Funds at Manulife IM. The company's private equity and credit platform currently manages US$28 billion in assets, including $9.3 billion of unfunded commitments, focusing on various strategies across North America and Asia middle markets as of December 31, 2024.

Manulife (MFC) has announced key leadership changes, with Stephanie Fadous appointed as Chief Actuary effective May 9, 2025. Fadous, currently Global Treasurer and Head of Capital Management, will succeed Steve Finch, who becomes President and CEO of Manulife Asia. She will join the Executive Leadership Team, reporting to incoming President and CEO Phil Witherington.

Fadous brings extensive experience, having led Manulife's global IFRS 17 and IFRS 9 implementation and held various roles in Global Finance, Group Actuarial, Corporate Development, and Asset Liability Management. She holds a BSc in Actuarial Science and is a Fellow of the Canadian Institute of Actuaries and Society of Actuaries.

Additionally, Hung Ko, currently Global Head of Investor Relations, will assume an expanded role as Global Head of Treasury and Investor Relations. Ko has over 20 years of insurance industry experience and holds an MBA from McGill University, along with CFA and CPA credentials.

Manulife Financial (MFC) has announced its plan to redeem all outstanding $1 billion worth of 2.237% Fixed/Floating Subordinated Debentures on May 12, 2025. The debentures, which were originally set to mature in May 2030, will be redeemed at par value along with any accrued and unpaid interest up to the redemption date. Interest on these debentures will stop accruing on the redemption date. The redemption is being executed under MFC's option as per the Trust Indenture, with formal notice to be provided to debenture holders.

Manulife (TSX/NYSE/PSE: MFC) has issued a warning to investors regarding an unsolicited mini-tender offer from New York Stock and Bond (NYSB). The offer seeks to purchase up to 250,000 Manulife common shares (less than 0.02% of outstanding shares) at USD$18.50 per share.

The offer price represents a significant discount of approximately 35% below the closing prices on both TSX and NYSE as of March 13, 2025, and over 41% below the April 1, 2025 closing prices. Manulife emphasizes it is not associated with NYSB and does not endorse this offer.

Mini-tender offers, which target less than 5% of a company's shares, bypass typical securities regulations disclosure requirements. Both the Canadian Securities Administrators and SEC have expressed concerns about such offers, noting they often target uninformed investors who may not compare offer prices to market values.