Manulife Financial Corp - Company Profile
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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.
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 |
---|---|---|
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. |
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 |
Key Financial Charts
Sales Growth
Net Income Growth
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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