Profile: Manulife Financial Corp (MFC.N)
20 Jan 2017
Manulife Financial Corporation (MFC), incorporated on April 26, 1999, is a life insurance company. The Company is the holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company is a financial services company with principal operations in Asia, Canada and the United States. The Company's segments, including Asia Division, Canadian Division, U.S. Division, and the Corporate and Other segment. The product and service offerings of each segment include Protection (Asia, Canadian and U.S. Divisions), Wealth Management (Asia, Canadian and U.S. Divisions), and Corporate and Other segment. The Company offers financial protection and wealth management products and services to personal and business clients, as well as asset management services to institutional customers. The Company operates as Manulife in Canada and Asia and primarily as John Hancock in the United States.
The Company's Protection (Asia, Canadian and U.S. Divisions) offers a range of individual life insurance and individual, and group long-term care insurance. Its products are distributed through various distribution channels, including insurance agents, brokers, banks, financial planners and direct marketing. The Company's Wealth Management (Asia, Canadian and U.S. Divisions) offers pension contracts and mutual fund products and services. Its businesses also offer a range of retirement products to group benefit plans. Its businesses distribute products through various distribution channels, including insurance agents and brokers affiliated with the Company, securities brokerage firms, financial planners, pension plan sponsors, pension plan consultants and banks.
The Company's Other Wealth (Asia, Canadian and U.S. Divisions) includes annuities, single premium and banking products. Manulife Bank offers a range of deposit and credit products to Canadian customers. Annuity contracts provide non-guaranteed, partially guaranteed and guaranteed investment options through general and separate account products. Its businesses distribute products through various distribution channels, including insurance agents and brokers affiliated with the Company, financial planners and banks. The Company's Corporate and Other segment includes external asset management business and property and casualty (P&C) reinsurance business. It also manages run-off reinsurance operations, including variable annuities and accident and health.
The Company's Asia Division is a provider of financial protection and wealth and asset management products in Asia. The segment is diversified across Asia, including operations in Hong Kong, Japan, Indonesia, Singapore, the Philippines, mainland China, Taiwan, Vietnam, Malaysia, Thailand, Macau and Cambodia. The segment offers a range portfolio of products and services, including life and health insurance, annuities, mutual funds and retirement solutions that cater to the needs of individuals and corporate customers through a multi-channel network.
The Company's Canadian Division is a financial services organization in Canada. The segment offers a portfolio of protection, estate planning, investment and banking solutions through its distribution network. Its Individual Insurance business offers a portfolio of insurance products, including universal, whole and term life, as well as living benefits insurance, designed to meet the protection, estate and retirement planning needs of middle and upper-income customers. Manulife Investments Japan Limited offers a range of investment products and services that span the investor spectrum. Manulife Private Wealth provides personalized investment management, private banking and estate solutions. Manulife Bank offers debt and cash flow management solutions. It also provides group life, health, disability and retirement solutions to Canadian employers. Life, health and specialty products, such as travel insurance, are also offered through alternative distribution channels, including sponsor groups and associations, as well as direct-to-customer marketing.
The Company's U.S. Division operates under the John Hancock brand in the United States, it focuses on providing financial solutions. The segment's product suite includes insurance and wealth management products and is distributed through affiliated and non-affiliated licensed financial advisors. John Hancock Insurance (JH Insurance) offers a portfolio of insurance products, including universal, variable, whole, and term life insurance designed to provide estate, business, income protection and retirement solutions. It also provides long-term care (LTC) insurance, which is designed to cover the cost of long-term services and support, including personal and custodial care in a range of settings, such as the
home, a community organization or other facility in the event of an illness, accident or through the normal effects of aging. U.S. Wealth Management offers a range of products and services focused on individuals and business markets, as well as institutional oriented products. John Hancock Retirement Plan Services (JH RPS) provides employer sponsored retirement plans for companies ranging from start-ups to some of the largest corporations in America. John Hancock Investments (JH Investments) offers a range of mutual funds. It also manages an in-force block of fixed deferred, variable deferred and payout annuity products.
Manulife Financial Corp
Nt-10, 200 Bloor St E
TORONTO ON M4W 1E5
Company Web Links
- BRIEF-Manulife Financial announces USD senior notes private placement
- Fitch Expects to Rate Manulife Financial's Preferred Stock 'BBB-'
- BRIEF-Manulife Financial says to issue 14 mln series 23 preferred shares $25/share
- UPDATE 4-Shares in Canadian insurers surge as profits beat view
- BRIEF-Manulife financial sets quarterly dividend of C$0.185 per share