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Manulife Financial Corporation (T:MFC)

Business Focus: Life & Health Insurance (NEC)

This company is also listed in the United States as MFC on the NYSE. Click here to get the live US quote and see if there are any SEC insider filings..
Sector:  Financials Industry:  Life & Health Insurance
 
Company Contact
Address: 200 Bloor St East, Nt-10
TORONTO ON M4W 1E5
Tel: N/A
Website: https://www.manulife.com/en/about/our-story.html
IR: See website
Key People
Roy Gori
President, Chief Executive Officer, Director
Shamus Edward Weiland
Chief Information Officer
Colin Lloyd Simpson
Chief Financial Officer
Naveed Irshad
President and Chief Executive officer - Manulife Canada
Paul Raymon Lorentz
President and Chief Executive Officer, Global Wealth and Asset Management
Brooks E Tingle
President and Chief Executive Officer - John Hancoc
Philip James Witherington
President and Chief Executive Officer - Manulife Asia
Rahul M. Joshi
Chief Operations Officer
Pamela O. Kimmet
Chief Human Resource Officer
Scott Sears Hartz
Chief Investment Officer
   
Business Overview
Manulife Financial Corporation is a Canada-based international financial services company. The Company operates as Manulife across its offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. It provides financial advice, insurance, and wealth and asset management solutions for individuals, institutions, and retirement plan members worldwide. Its segments include Asia, Canada, Global WAM, and Corporate and Other. The Asia segment provides insurance products and insurance-based wealth accumulation products. The Canada segment provides insurance products, insurance-based wealth accumulation products, and banking services and has an in-force variable annuity business. Global WAM segment provides investment advice and solutions to its retail, retirement, and institutional clients. It provides life insurance products, insurance-based wealth accumulation products and has an in-force long-term care insurance business.
Financial Overview
For the three months ended 31 March 2024, Manulife Financial Corp revenues increased 2% to C$8.52B. Net income applicable to common stockholders decreased 40% to C$811M. Revenues reflect Investment income related to segregated increase of 28% to C$22.63B, Fin Inc/Exp frm reinsur ContrHeld-IFRS17 increase from -C$322M to C$424M, Insurance revenue increase of 13% to C$6.5B. Net income was offset by Interest expenses increase of 16% to C$424M (expense).
Employees: 38,000 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $62,682M as of Mar 31, 2024
Annual revenue (TTM): $33,640M as of Mar 31, 2024
EBITDA (TTM): $8,185M as of Mar 31, 2024
Net annual income (TTM): $4,257M as of Mar 31, 2024
Free cash flow (TTM): $19,018M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 1,789,707,262 as of Jun 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization