Manulife Financial Corp - Company Profile

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Manulife Financial Corp: Overview

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.

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Headquarters Canada

Address 200 Bloor St East, Nt-10, Toronto, Ontario, M4W1E5


Telephone 1 416 9263000

No of Employees 38,000

Industry Financial Services

Ticker Symbol & Exchange MFC (TSE)

Revenue (2022) $24.8B 47.5% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ 360.1% (2022 vs 2021)

Market Cap* $42.0B

Net Profit Margin (2022) XYZ 276.3% (2022 vs 2021)

* As of and is in US$
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Manulife Financial Corp premium industry data and analytics

230+

Insurance Market Data Insights

Insight into market share and brand performance.

10+

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Manulife Financial Corp (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Manulife Financial Corp’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services Brands
Life Insurance: Wealth Management Services Manulife
Term Insurance Asset Management Services
Permanent Life Insurance
XYZ
XYZ
XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Contracts/Agreements In March, the company entered into a US$4.3 billion reinsurance partnership with RGA Life Reinsurance Company of Canada to reinsure C$5.8bn of reserves from Manulife's low return on equity (ROE) Canadian Universal Life block.
2024 Financing Agreements In January, Manulife Investment Management and Carlyle invested US$225 million equity in NineDot Energy, a developer of community-scale battery energy storage systems.
2024 Contracts/Agreements In January, the company entered an agreement with Aeroplan to enable members of Manulife Group Benefits to earn Aeroplan points by engaging in health and wellness activities.
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Competitor Comparison

Key Parameters Manulife Financial Corp Sun Life Financial Inc Great-West Lifeco Inc Equitable Life Insurance Co of Canada Co-operators Life Insurance Co
Headquarters Canada Canada Canada Canada Canada
City Toronto Toronto Winnipeg Waterloo Regina
State/Province Ontario Ontario Manitoba Ontario Saskatchewan
No. of Employees 38,000 30,941 33,500 900 -
Entity Type Public Public Public Private Private
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Executives
Name Position Board Since Age
Donald R. Lindsay Chairman Executive Board 2023 -
Roy Gori Chief Executive Officer; President; Director Executive Board 2017 -
Colin Simpson Chief Financial Officer Senior Management 2023 -
Rahul M. Joshi Chief Operating Officer Senior Management 2019 -
Shamus Edward Weiland Chief Information Officer Senior Management 2019 -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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