Profile: Manulife Financial Corp (MFC.N)
18 Dec 2013
Manulife Financial Corporation (MFC), incorporated on April 26, 1999, is a Canada-based financial services group with principal operations in Asia, Canada and the United States. The Company’s segments are Asia, Canadian and U.S. Divisions and the Corporate and Other segment. The Company’s international network agents and distribution partners offers financial protection and wealth management products and services to clients. It also provides asset management services to institutional customers. In October 2012, its United States unit, John Hancock, acquired two new real estate assets - 3161 Michelson Drive in Irvine, California and a two-building office complex, West Windsor Commons, in Princeton, New Jersey. In October 2012, the Company purchased Benesure Canada Inc. In October 2012, the Company acquired Wellington West Financial Services Inc., a division of Wellington West Holdings Inc., and a dealership registered with the Mutual Funds Dealers Association (MFDA), from National Bank. In January 2013, the Company acquired Benesure Canada Inc. In August 2013, John Hancock, the United States division of the Company, announced that it has acquired Landmark Square in Long Beach, California.
Manulife Financial has operated in Asia and as a pan-Asian financial services company, it has insurance and asset management operations in 11 countries and territories, including Hong Kong, the Philippines, Singapore, Indonesia, Taiwan, China, Japan, Vietnam, Malaysia, Thailand, and Cambodia. The Company offers a diverse portfolio of protection, savings and wealth management products and services to meet the needs of individuals and corporate customers. It distributes its products through a multi-channel platform across the region, including more than 53,000 tied agents, bank partners, independent agents, and financial advisors. Products and services in Asia include individual life insurance, group life and health, hospital coverage, mutual funds, variable and fixed annuities, and group retirement.
Serving in Canada, the Company is a financial services organization offering a diverse range of protection, estate planning, investment and banking solutions through a diversified multi-channel distribution network. The Company provides retail solutions to individuals and business owners, sold mainly through independent advisors. Group life, health, disability and retirement solutions are marketed to Canadian employers through consultants, brokers and independent advisors. It also provides international employee benefits management to multinational corporations. Life, health and specialty products, such as travel insurance, are also offered through alternative distribution channels. Products and services in Canada include individual life insurance, living benefits insurance, mutual funds, private wealth management, variable and fixed annuities, guaranteed interest contracts, high interest savings accounts, mortgages and investment loans, group life, health, disability and retirement, travel insurance, creditor insurance and international employee benefits management.
The Company’s United States Insurance operation operates under the John Hancock brand and provides life and long-term care insurance products and services to select markets. John Hancock in the United States also offers a range of personal and family oriented wealth management products and services focused on individuals and business markets, as well as institutional oriented products for employee benefit plan funding solutions. It distributes its products through a multi-channel network, including brokerage general agents, producer groups, banks, wirehouses and broker dealers as well as John Hancock Financial Network (JHFN), which is a national network of independent career agencies across the United States. Products and services in the United States include Individual life insurance, long-term care, mutual funds, 529 college savings plans and 401(k) retirement Savings plans.
As the asset management arm of the Company, Manulife Asset Management offers a range of investment products and solutions to meet the needs of affiliated and non-affiliated fund companies, pension plans, foundations, endowments and financial institutions. The Company provides its clients with products and solutions organized into three asset class groupings: Public Markets, which includes equity and fixed income; real assets, which include Hancock Timber, Hancock Agricultural, Hancock Renewable Energy and Manulife Real Estate, and asset allocation solutions, which includes strategic and tactical, multi-asset funds and customized solutions.
Protection (U.S., Asia and Canadian Divisions)
The Company offers a variety of individual life insurance and individual and group long-term care insurance. Products are distributed through multiple distribution channels, including insurance agents, brokers, banks, financial planners and direct marketing.
Wealth Management (U.S., Asia and Canadian Divisions)
The Company offers annuities, pension contracts, and mutual fund products and services. These businesses also offer a variety of retirement products to group benefit plans. Annuity contracts provide nonguaranteed, partially guaranteed and fully guaranteed investment options through general and separate account products. The Canadian Wealth Management business also includes Manulife Bank, which offers a variety of deposit and credit products to Canadian customers. These businesses distribute products through multiple distribution channels, including insurance agents and brokers affiliated with the Company, securities brokerage firms, financial planners, pension plan sponsors, pension plan consultants and banks.
Manulife Financial Corp
NT 11, 200 Bloor Street East
TORONTO ON M4W 1E5
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