BOSTON, July 8, 2024 /PRNewswire/ - John Hancock, along with its Toronto-based parent company Manulife (NYSE: MFC), announced Hector Martinez joins the company today as its new Head of Insurance. Martinez joins John Hancock from Equitable where he led all aspects of the company's individual life insurance business, including new business development, underwriting, and life insurance product development and distribution. Before Equitable, Martinez served for over a decade in leadership positions at Crump Lif ...

Manulife is scaling up its business across Asia by expanding its distribution network, securing and deepening strategically important distribution agreements with key partners in Japan, Indonesia and Cambodia, and enhancing the mainland Chinese visitor (MCV) capabilities to complement the prominent domestic franchise in Hong Kong, among others. Manulife Asset Management has identified Europe (and the wider EMEA market) as a significant growth area and is making long-term investments in the region. In tandem ...

BOSTON, June 27, 2024 /PRNewswire/ - Manulife Investment Management (Manulife IM) has announced a strategic partnership with Foundry Commercial to acquire, develop, and lease industrial outdoor storage (IOS) sites in key infill industrial markets throughout the Southeast. The portfolio consists of 10 sites located in Atlanta, Nashville, Dallas-Fort Worth, and Jacksonville. Three of the sites have completed construction and were acquired by Manulife IM directly; the remaining will be developed in partnership ...

TORONTO, June 24, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") is hosting an Investor Day in Hong Kong and Jakarta, starting at 8:30 a.m. Hong Kong time on June 25 (8:30 p.m. June 24 eastern time). During this three-day event, senior management will showcase Manulife's record of successful execution of our strategy, highlight our transformation and speak to our right to win. Discussions will show how Manulife is uniquely positioned to achieve our financial targets and rei ...

C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 Interest on the Debentures will cease to accrue on the redemption date. SOURCE Manulife Financial Corporation TORONTO, June 24, 2024 /PRNewswire/ - Manulife Financial Corporation ("MFC") today announced its intention to redeem at par on August 20, 2024 all of its outstanding $750,000,000 principal amount of 3.049% Fixed/Floating Subordinated Debentures (the "Debentures") due August 20, 2029. The Debentures are redeemable at MFC's option on or after Augu ...

Dublin, June 18, 2024 (GLOBE NEWSWIRE) -- The "Manulife Financial Corp. (Manulife) - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering. Manulife offers insurance products and financial services. It operates under the Manulife brand across Canada, Europe, and Asia, and under the John Hancock brand in the US. The report provides comprehensive information and insights into Manulife's technology activities, focusing on its digital transformation strategies an ...

Multi-year partnership taking steps to help shape the future and funding of human longevity innovation Together, Manulife and the Forum invite global start-ups with innovative preventative healthcare and financial well-being solutions, and those committed to enabling people of all generations to thrive while enjoying a financially resilient and fulfilling long life, to participate in the challenge. Applicants can begin applying today through July 22, 2024. Full project details, including eligibility criteri ...

For fiscal 2024, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $2.74 per share. MFC boasts an average earnings surprise of 8.1%. With a solid Zacks Rank and top-tier Value and VGM Style Scores, MFC should be on investors' short list. For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style ...

Core Viewpoint - Manulife Financial Corporation has announced the pricing of a S$500 million offering of subordinated notes with a fixed interest rate of 4.275%, maturing on June 19, 2034, which will qualify as Tier 2 capital for the company [10]. Group 1: Offering Details - The offering is expected to close on June 19, 2024 [1]. - The Notes will bear interest at a fixed rate of 4.275% until June 19, 2029, and thereafter at a rate of 1.201% over the then-prevailing five-year SORA OIS rate [8]. - The Notes will mature on June 19, 2034 [8]. Group 2: Regulatory and Market Information - Approval in-principle has been received from the Singapore Exchange Securities Trading Limited for the listing and quotation of the Notes [6]. - The offering will be made solely to non-U.S. persons in offshore transactions pursuant to Regulation S under the Securities Act [9]. - The Notes will constitute subordinated indebtedness, ranking equally with all other subordinated indebtedness of Manulife [3]. Group 3: Company Overview - Manulife Financial Corporation is a leading international financial services provider, with over 38,000 employees and serving over 35 million customers globally [12]. - The company operates as Manulife in Canada, Asia, and Europe, and primarily as John Hancock in the United States [12]. - Manulife trades as 'MFC' on the Toronto, New York, and Philippine stock exchanges, and under '945' in Hong Kong [5][12].

Core Insights - Manulife Financial Corporation (MFC) has outperformed the S&P 500 with a 1-year total return exceeding 40% while maintaining a reasonable valuation grade of "C+" [1] - The company benefits from strong growth opportunities in Asia and stable earnings from North American insurance and wealth management, particularly in a prolonged high-interest rate environment [2] Financial Performance - Manulife reported a 21% increase in annualized premium equivalent sales and a 20% surge in core EPS, achieving a core ROE of 16.7%, surpassing its medium-term target of 15%+ [4] - The adjusted book value per common share rose by 11% to $33.39, supported by a strong balance sheet and a LICAT ratio of nearly 140%, providing financial flexibility for capital return strategies [5] Growth Drivers - The company experienced a 13% increase in overall annualized premium equivalent (APE) in Asia, with significant growth in bank assurance sales in mainland China, Singapore, and Japan, despite some weakness in Hong Kong and Vietnam [6][7] - Manulife's Global Wealth and Asset Management (WAM) segment saw a 55% year-over-year increase in net inflows, totaling $6.7 billion in Q1, contributing to a core EBITDA margin of 25.5% and a 25% growth in core earnings [10] Valuation and Market Position - MFC's valuation has become less attractive but remains relatively discounted compared to its financial sector peers, with a forward core EPS multiple of 9.5x, nearly 10% below the sector median [12][13] - The company offers a robust forward dividend yield of over 4.5%, approximately 25% above the sector median, appealing to income investors [14] Stock Performance and Outlook - MFC's stock has shown strong momentum, consistently forming higher lows and highs, indicating a constructive price action [16] - Despite potential profit-taking after a significant recovery, there are no immediate bearish signals, suggesting that further downside volatility could present buying opportunities [17][18]