MANULIFE(MFC)

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Manulife Announces Election of Directors
Prnewswire· 2024-05-09 18:45
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, May 9, 2024 /PRNewswire/ - Manulife Financial Corporation (Manulife) announced today that each of the following 13 nominees proposed to be elected at the Annual Meeting of Shareholders held earlier today has been elected. The detailed results of the vote for the election of directors are set out below. NAME OF NOMINEE VOTES FOR % VOTES WITHHELD % Nicole S. Arnaboldi 956,867,793 98.85 % 11 ...
Manulife (MFC) Q1 Earnings Top Estimates, APE Sales Rise Y/Y
Zacks Investment Research· 2024-05-09 17:21
Manulife Financial Corporation (MFC) delivered first-quarter 2024 core earnings of 70 cents per share, which beat the Zacks Consensus Estimate by 6.1%. The bottom line increased 20.7% year over year. Core earnings of $1.3 billion (C$1.8 billion) improved 16% year over year. This reflects strong business growth across its insurance businesses and higher fee income in Global WAM, driven by favorable market impact and positive net flows.New business value (NBV) in the reported quarter was $488 million (C$669 m ...
MANULIFE(MFC) - 2024 Q1 - Earnings Call Transcript
2024-05-09 15:37
Operator Hello Meny, good morning. This is Phil, and thank you for the question. YouÂ're right to point out itÂ's been a strong core earnings quarter for Asia, in fact a strong quarter for all of our value metrics across the board. The level of earnings that you see are largely sustainable, and IÂ'll peel the onion a bit on this. I said many times, the MCV customer segment is a legitimate customer segment that we expect to grow over the medium term. It reflects approximately 20% to 25% of our business from ...
MANULIFE(MFC) - 2024 Q1 - Quarterly Report
2024-05-08 21:14
Ta b l e o f C o n t e n t s E x hibit 9 9.1 F i r s t Q u a r t e r R e p o r t t o S h a r e h o l d e r s T h r e e m o n t h s e n d e d M a r c h 3 1, 2 0 2 4 Table of Contents Manulife Financial Corporation ("Manulife" or the "Company") reported its first quarter results for the period ended March 31, 2024, delivering strong core ROE and topline growth, and closing the largest long-term care ("LTC") reinsurance transaction in the industry. Key highlights for the first quarter of 2024 ("1Q24") include: ...
Manulife declares preferred share dividends
Prnewswire· 2024-05-08 21:03
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, May 8, 2024 /PRNewswire/ - Manulife's Board of Directors today announced quarterly shareholders' dividends on the following non-cumulative preferred shares of Manulife Financial Corporation, payable on or after June 19, 2024, to shareholders of record at the close of business on May 22, 2024: Class A Shares Series 2 - $0.29063 per share Class A Shares Series 3 - $0.28125 per share Class 1 Shares Series 3 - $0.14675 p ...
Manulife declares common share dividend
Prnewswire· 2024-05-08 21:02
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, May 8, 2024 /PRNewswire/ - Manulife's Board of Directors today announced a quarterly common shareholders' dividend of $0.40 per share on the common shares of Manulife, payable on and after June 19, 2024, to shareholders of record at the close of business on May 22, 2024. In respect of the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.S. Dividend Reinvestment and Share Purchase Plan, the ...
Manulife Reports First Quarter 2024 Results
Prnewswire· 2024-05-08 21:01
TSX/NYSE/PSE: MFC SEHK: 945 C$ unless otherwise stated TORONTO, May 8, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") reported its first quarter results for the period ended March 31, 2024, delivering strong core ROE and topline growth, and closing the largest long-term care ("LTC") reinsurance transaction in the industry. Key highlights for the first quarter of 2024 ("1Q24") include: Core earning ...
Front Street Re Appoints Edison Fong as Chief Executive Officer
Prnewswire· 2024-05-08 13:22
GEORGETOWN, Cayman Islands, May 8, 2024 /PRNewswire/ -- Front Street Re ("FSR" or the "Company"), an international Insurtech and reinsurance company that focuses on annuity, life, health, and general reinsurance solutions and is an operating subsidiary of Lexasure Financial Group Limited ("Lexasure"), today announced the appointment of Edison Fong as Chief Executive Officer following a thorough search process. Edison Fong, CEO of Front Street Re Mr. Ian Lim, Chief Executive Officer of Lexasure Financial ...
Manulife Financial (MFC) Reports Next Week: Wall Street Expects Earnings Growth
Zacks Investment Research· 2024-05-01 15:05
Wall Street expects a year-over-year increase in earnings on lower revenues when Manulife Financial (MFC) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 8. O ...
Manulife Financial Corporation announces Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 15
Prnewswire· 2024-04-25 20:01
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, April 25, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife") today announced that it does not intend to exercise its right to redeem all or any of its currently outstanding 8,000,000 Non-cumulative Rate Reset Class 1 Shares Series 15 (the "Series 15 Preferred Shares") (TSX: MFC.PR.L) on June 19, 2024. As a result, subject to certain conditions described in the prospectus supplement dated ...