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 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 fiscal year ended 31 December 2023, Manulife Financial Corp (USA) revenues increased 47% to C$33.5B. Net income applicable to common stockholders totaled C$4.8B vs. loss of C$2.19B. Revenues reflect Investment income related to segregated increase of 13% to -C$49.35B, Investment income increase of 6% to C$16.18B, Insurance revenue increase of 4% to C$23.97B. Dividend per share increased from C$1.36 to C$1.50. |