Core Points - Manulife Financial Corporation has priced a public offering of U.S.$1,000,000,000 aggregate principal amount of 4.986% senior notes due 2035 at a public offering price of 100% [1] - The net proceeds from the sale of the notes will be used for general corporate purposes, which may include future refinancing requirements [2] - The offering is managed by BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, and Morgan Stanley [2] Company Overview - Manulife Financial Corporation is a leading international financial services provider with global headquarters in Toronto, Canada, operating as Manulife in Canada, Asia, and Europe, and as John Hancock in the United States [5] - The company provides financial advice and insurance for individuals, groups, and businesses, and offers global investment, financial advice, and retirement plan services [5] - As of the end of 2024, Manulife had over 37,000 employees, more than 109,000 agents, and served over 36 million customers [5]

Core Insights - The author has extensive experience in executive management, particularly in insurance/reinsurance and the Asia Pacific markets, with a focus on climate change and ESG [1] Group 1 - The author holds an honours degree in economics and politics, emphasizing economic development [1] - The author has 36 years of executive management experience, indicating a deep understanding of market dynamics [1] - The author's investment activities are conducted in a personal capacity, suggesting a focus on individual investment strategies rather than institutional [1]

Core Viewpoint - Manulife Financial-S (00945) announced a dividend distribution of HKD 2.426292 per share for the third quarter, scheduled for December 19, 2025 [1] Group 1 - The company will distribute a total dividend of HKD 2.426292 per ordinary share [1] - The dividend payment date is set for December 19, 2025 [1]

Core Viewpoint - Manulife Financial-S (00945) announced a dividend distribution of HKD 2.426292 per share for the third quarter, scheduled for December 19, 2025 [1] Group 1 - The dividend amount per share is set at HKD 2.426292 [1] - The payment date for the dividend is December 19, 2025 [1]

第 1 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | | | | --- | --- | --- | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | | | | 股票發行人現金股息公告 | | | | | | 發行人名稱 | 宏利金融有限公司 | | | | | 股份代號 | 00945 | | | | | 多櫃檯股份代號及貨幣 | 不適用 | | | | | 相關股份代號及名稱 | 不適用 | | | | | 公告標題 | 宏利宣布派發普通股股息 | | | | | 公告日期 | 2025年11月12日 | | | | | 公告狀態 | 更新公告 | | | | | 更新/撤回理由 | 更新匯率 | | | | | 股息信息 | | | | | | 股息類型 | 第三季度 | | | | | 股息性質 | 普通股息 | | | | | 財政年末 | 2025年12月31日 | | | | ...

Core Viewpoint - The article discusses the response of various insurance companies to a severe fire incident in Hong Kong, highlighting the importance of insurance in disaster recovery and urban safety [2][5]. Insurance Coverage Details - China Taiping Insurance (Hong Kong) provided comprehensive property insurance for the affected estate, with a total compensation cap of 2 billion HKD [3][4]. - The insurance includes coverage for public areas and public liability insurance, with specific compensation limits: 10 million HKD for personal injury per incident and 20 million HKD for third-party liability [3][4]. Emergency Response by Insurance Companies - Multiple insurance companies, including China Life (Overseas) and Ping An Life, activated emergency claims procedures to ensure rapid support for affected families [5]. - Ping An announced the establishment of emergency response teams and initiated a green channel for customer service to facilitate claims [5]. Urban Safety and Insurance Role - The article emphasizes the need for enhanced urban safety and risk prevention measures, positioning insurance as a critical component in disaster recovery and urban resilience [5][6]. - It advocates for comprehensive insurance coverage for residential and commercial buildings, alongside improved claims processes to better support disaster recovery efforts [6]. Future Directions for Insurance in Urban Governance - The article calls for deeper integration of insurance mechanisms into urban governance and planning, encouraging innovation in insurance products and services to extend beyond post-disaster compensation to proactive risk management [6].

Summary of Key Points Core Viewpoint - As of November 26, a total of 39 stocks reached their 52-week highs, with notable performances from Fire Rock Holdings (02975), Crocodile Garments (02977), and Aisuo Holdings (08585) showing significant increases in their high rates [1]. 52-Week Highs - Fire Rock Holdings (02975) achieved a closing price of 0.114 with a peak of 0.231, marking a high rate of 285.00% - Crocodile Garments (02977) closed at 0.085, reaching a high of 0.189, reflecting a high rate of 170.00% - Aisuo Holdings (08585) closed at 0.021, with a peak of 0.040, resulting in a high rate of 110.53% - Other notable stocks include: - Fulltech Electric Group Holdings (01750) with a high rate of 23.64% - Century United Holdings (01959) at 22.05% - Cassava Resources (00841) at 20.19% [1]. 52-Week Lows - The stock with the largest decline was Jia Jin Investment International (00310), which closed at 0.141, reaching a low of 0.137, resulting in a decline rate of -25.95% - Crown Central Properties (00193) closed at 0.168, with a low of 0.141, reflecting a decline rate of -18.02% - Lion Holdings (02562) had a closing price of 4.710, with a low of 4.680, showing a decline rate of -9.48% - Other significant declines include: - Huading Holdings (03398) at -7.14% - XL Two South Strategy - U (09799) at -5.96% [2].

Group 1 - The conference in Toronto marks the inaugural event for Desjardins Securities Inc., highlighting the importance of strategic discussions in the financial sector [2] - Manulife Financial has introduced a refreshed strategy, which includes a video presentation to communicate the changes effectively [2][3] - The focus of the discussion is on understanding the differences in the new strategy compared to previous approaches [3]

Summary of Manulife Financial Conference Call (November 25, 2025) Company Overview - **Company**: Manulife Financial (NYSE: MFC) - **CFO**: Colin Simpson, in position for two and a half years Key Points and Arguments Strategic Priorities - Manulife has a refreshed strategy focusing on wealth and asset management, aiming for 50% of earnings from Asia while maintaining growth in Canada and the US [15][14] - The company emphasizes geographic diversification and quality of earnings as key differentiators in the life insurance sector [15] AI Integration - Manulife targets to create $1 billion in value from AI through three areas: earnings increase, CSM (Contractual Service Margin) growth, and cost avoidance [18][17] - AI tools are being utilized to enhance sales processes, such as personalized communication with clients to drive additional sales [20][21] Legacy Business Management - The company has completed three significant deals in the legacy business, reducing the need for future transactions [23] - Long-term care (LTC) exposure is over $30 billion, with positive experiences reported [23][24] Asia Market Focus - Asia remains a critical part of Manulife's strategy, with a target of mid-teen earnings growth and a 21% ROE by 2027 [29][28] - The company is optimistic about demographic growth and the potential for wealth centers in Asia, despite headwinds from various markets [30][31] India Market Entry - Manulife is entering the Indian insurance market, expecting a long-term view with a timeline of 12-18 months before selling policies [33][34] - Regulatory improvements and a digital-native consumer base in India are seen as favorable conditions for entry [33] US Division Outlook - The US division currently generates about $250 million, with expectations for steady single-digit earnings growth [44][46] - The focus is on leveraging the John Hancock brand and the Vitality program to enhance customer engagement and loyalty [46] Canadian Market Strategy - Manulife aims to increase market share in Canada, particularly in health and group benefits, while improving customer experience through AI [50][51] Capital Management and M&A Strategy - The company has $6 billion in excess capital and has been active in share buybacks, totaling $1.74 billion year-to-date [52][55] - Future M&A opportunities are being considered, particularly in Canadian wealth and US retirement sectors, but the focus remains on organic growth [58][59] ROE Targets - Current core ROE is approximately 16%, with a target of 18%+ by the end of 2027 [59][60] - The company plans to achieve this through stable earnings growth, buybacks, and improved CSM growth [61] Closing Remarks - Manulife is committed to becoming a quality, world-renowned franchise, focusing on long-term growth and delivering value to shareholders [63] Additional Important Insights - The company acknowledges the challenges in the Chinese market but remains optimistic about its position and potential growth in profitability [41][42] - The management emphasizes the importance of a balanced strategy to mitigate risks associated with geopolitical uncertainties [41]

Core Viewpoint - Manulife Investments has announced the estimated annual reinvested distributions for 2025 for its Exchange Traded Funds (ETFs) and ETF series of Manulife Mutual Funds, which primarily represent realized capital gains as of November 3, 2025 [1][2]. Distribution Details - Unitholders of record on December 30, 2025, will receive reinvested distributions, which will be automatically reinvested in additional units of the respective ETFs or ETF series, ensuring that the number of units and net asset value remain unchanged [2]. - The actual distribution amounts and tax characteristics will be reported to brokers in early 2026, with cash distributions reported separately for some ETFs [3]. Estimated Reinvested Distribution Amounts - The estimated reinvested distribution amounts per unit for various Manulife ETFs and Mutual Funds are provided, with notable distributions including: - Manulife Smart Dividend ETF: 1.108113 - Manulife Multifactor Canadian Large Cap Index ETF: 1.965893 - Manulife Multifactor U.S. Small Cap Index ETF – Unhedged: 3.281177 - Manulife Dividend Income Fund – ETF Series: 1.984153 [3][4]. Company Overview - Manulife Financial Corporation operates globally, providing financial services including investment, financial advice, and retirement plan services to over 36 million customers [8]. - The company emphasizes risk management and aims to empower individuals to invest for a better future [7][8].