Manulife Financial Corp (MFC) offers a range of financial protection and asset and wealth management products and services to individuals and corporate customers. Its insurance products include individual life insurance, creditor insurance, individual living benefits insurance and group life and health insurance. The company also offers annuities, mutual funds, education savings plans, individual retirement savings plans, investment-linked products and group retirement savings plans. The company markets and distributes its products through independent agents, contracted agents, financial advisors, bank partnerships and brokers. It operates in North America and Asia. MFC is headquartered in Toronto, Canada.
Headquarters
Canada
Address
1-200 Bloor St E, North Tower 10, Toronto, Ontario, M4W1E5
Website
www.manulife.com
Telephone
1 416 9263000
No of Employees
40,000
Industry
Financial Services
Ticker Symbol & Exchange
MFC (TSE)
Revenue (2022)
$9.0B
-79.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
7.9%
(2022 vs 2021)
Market Cap*
$35.5B
Net Profit Margin (2022)
XYZ
416.6%
(2022 vs 2021)
* As of and is in US$
Manulife Financial Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Life Insurance: | Wealth Management Services | Manulife |
| Term Insurance | Asset Management Services | |
| Permanent Life Insurance | ||
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | New Products/Services | In December, the company launched its Forest Climate Fund. |
| 2022 | Financing Agreements | In December, Manulife Investment Management invested US$100 million in PowerFlex. |
| 2022 | Others | In November, the company announced to outsource its property operations in Canada. |
Competitor Comparison
| Key Parameters | Manulife Financial Corp | Sun Life Financial Inc | The Empire Life Insurance Co | Equitable Life Insurance Co of Canada | Co-operators Life Insurance Co |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | Toronto | Toronto | Kingston | Waterloo | Regina |
| State/Province | Ontario | Ontario | Ontario | Ontario | Saskatchewan |
| No. of Employees | 40,000 | 29,170 | - | 900 | 4,992 |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Donald R. Lindsay | Chairman | Executive Board | 2023 | - |
| Roy Gori | President; Chief Executive Officer; Director | Executive Board | 2017 | - |
| Philip J. Witherington | Chief Financial Officer | Senior Management | 2018 | - |
| Rahul M. Joshi | Chief Operating Officer | Senior Management | 2019 | - |
| Shamus Edward Weiland | Chief Information Officer | Senior Management | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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