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Manulife Financial Corp (MFC.TO)

MFC.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Manulife Financial Corp Announces Preferred Share Issue
Monday, 12 Feb 2018 09:52am EST 

Feb 12 (Reuters) - Manulife Financial Corp ::MANULIFE FINANCIAL CORPORATION ANNOUNCES PREFERRED SHARE ISSUE.MANULIFE FINANCIAL CORP - WILL ISSUE 10 MILLION SERIES 25 PREFERRED SHARES PRICED AT $25 PER SHARE TO RAISE GROSS PROCEEDS OF $250 MILLION.  Full Article

Manulife Financial Corp Increases Dividend
Wednesday, 7 Feb 2018 05:01pm EST 

Feb 7 (Reuters) - Manulife Financial Corp ::ORATION INCREASES DIVIDEND.SETS QUARTERLY DIVIDEND OF C$0.22PER SHARE.INCREASED 7% OR 1.5 CENTS PER SHARE TO QUARTERLY SHAREHOLDERS' DIVIDEND.  Full Article

Manulife Reports Qtrly Loss Per Share $0.83‍​
Wednesday, 7 Feb 2018 05:00pm EST 

Feb 7 (Reuters) - Manulife Financial Corp ::MANULIFE REPORTS 2017 NET INCOME OF $2.1 BILLION, CORE EARNINGS OF $4.6 BILLION, STRONG GROWTH IN ASIA AND WEALTH AND ASSET MANAGEMENT AND A DIVIDEND INCREASE OF 7%.ACHIEVED INSURANCE SALES OF $1.0 BILLION IN 4Q17, A DECREASE OF 3% COMPARED WITH 4Q16‍​.QTRLY LOSS PER SHARE $0.83‍​.REPORTED OTHER WEALTH SALES OF $2.1 BILLION IN 4Q17, AN INCREASE OF 25% COMPARED WITH 4Q16.QTRLY PREMIUMS AND DEPOSITS FROM INSURANCE PRODUCTS $ 8,619 MILLION VERSUS. $8,639 MILLION LAST YEAR.QTRLY CORE EARNINGS PER SHARE $0.59‍​.GENERATED NET FLOWS OF $3.7 BILLION IN WEALTH AND ASSET MANAGEMENT BUSINESSES IN 4Q17 COMPARED WITH $6.1 BILLION IN 4Q16.ASSETS UNDER MANAGEMENT AND ADMINISTRATION AT QUARTER END $1,040 BILLION VERSUS $1,006 BILLION AT Q3 END.QTRLY CORE ROE WAS 12.1% COMPARED WITH 12.9% FOR 4Q16‍​.Q4 EARNINGS PER SHARE VIEW C$0.58 -- THOMSON REUTERS I/B/E/S.MANULIFE FINANCIAL - 2017 NET INCOME ATTRIBUTED TO SHAREHOLDERS INCLUDED A $2.8 BILLION POST-TAX CHARGE RELATED TO U.S. TAX REFORM AMONG OTHER THINGS.  Full Article

Manulife says U.S. Tax Reform is Expected to Result in $1.9 Bln Charge in Q4
Friday, 22 Dec 2017 05:05pm EST 

Dec 22 (Reuters) - Manulife Financial Corp ::MANULIFE ANNOUNCES PORTFOLIO ASSET MIX CHANGES TO FREE UP CAPITAL, REDUCE RISK AND LOWER VOLATILITY IN ITS LEGACY BLOCKS, AND UPDATES ITS U.S. TAX REFORM GUIDANCE.U.S. TAX REFORM IS EXPECTED TO RESULT IN AN ESTIMATED $1.9 BILLION CHARGE IN Q4.DECISION TO CHANGE PORTFOLIO ASSET MIX EXPECTED TO RESULT IN CHARGE TO NET INCOME OF $0.50 PER SHARE IN Q4 .PORTFOLIO ASSET MIX CHANGES ARE EXPECTED TO RESULT IN AN ESTIMATED $1 BILLION CHARGE IN Q4.U.S. TAX REFORM IS EXPECTED TO BENEFIT ANNUAL EARNINGS BY APPROXIMATELY $250 MILLION BEGINNING IN 2018.PORTFOLIO ASSET MIX CHANGES EXPECTED TO FREE UP $2 BILLION OF CAPITAL OVER NEXT 12-18 MONTHS.PORTFOLIO ASSET MIX CHANGES WILL NEGATIVELY IMPACT CORE EARNINGS IN SHORT-TERM BY ABOUT $50 MILLION-$60 MILLION/YEAR AFTER-TAX.  Full Article

Manulife Financial Corp Files For Mixed Shelf Of Up To $5 Billion
Friday, 8 Dec 2017 09:27am EST 

Dec 8 (Reuters) - Manulife Financial Corp ::MANULIFE FINANCIAL CORP FILES FOR MIXED SHELF OF UP TO $5 BILLION– SEC FILING‍​.  Full Article

Manulife Announces Chair Transition And Succession
Friday, 8 Dec 2017 09:00am EST 

Dec 8 (Reuters) - Manulife Financial Corp ::MANULIFE ANNOUNCES CHAIR TRANSITION AND SUCCESSION.MANULIFE FINANCIAL CORP - APPOINTMENT OF JOHN M. CASSADAY AS VICE CHAIR, EFFECTIVE DECEMBER 7, 2017.MANULIFE FINANCIAL - CASSADAY, AS VICE CHAIR, WILL WORK WITH DEWOLFE IN MANAGING TRANSITION OF AFFAIRS OF BOARD UNTIL ANNUAL MEETING ON MAY 3, 2018.MANULIFE FINANCIAL CORP - RICHARD DEWOLFE WILL RETIRE AS CHAIR OF BOARD IN MAY 2018.MANULIFE FINANCIAL - CASSADAY WILL BECOME CHAIR OF BOARD FOLLOWING ANNUAL MEETING ON MAY 3, 2018.  Full Article

Manulife reports Q3 core earnings per share of $0.53
Wednesday, 8 Nov 2017 05:04pm EST 

Nov 8 (Reuters) - Manulife Financial Corp :Manulife reports 3q17 net income of $1,105 million, core earnings of $1,085 million, double-digit sales and new business value growth in asia and the 31st consecutive quarter of positive net flows.Q3 earnings per share $0.54.Q3 core earnings per share $0.53.Manulife Financial Corp - ‍insurance sales of $1.1 billion in 3q17, an increase of 10% compared with 3q16​.Manulife Financial Corp - ‍reported other wealth sales of $1.9 billion in 3q17, in line with 3q16​.Manulife Financial - ‍generated net flows of $4.0 billion in wealth and asset management businesses in 3q17 compared with $2.7 billion in 3q16​.Manulife Financial Corp - qtrly premiums and deposits from insurance products $8,892 million versus $8,347 million.Manulife Financial - q3 results include provision of $240 million for estimated financial impact on property and casualty reinsurance business​.Manulife Financial Corp - assets under management and administration at quarter-end $1,006 billion versus $1,012 billion at prior quarter-end.Manulife - ‍completed annual review of actuarial methods and assumptions in q3, resulting in a net neutral impact​.Manulife - ‍core earnings in q3 included net insurance and annuity policyholder experience charges of $48 million post-tax​.Manulife Financial Corp - qtrly ‍core roe 10.6%, versus 9.8%​.Q3 earnings per share view c$0.52 -- Thomson Reuters I/B/E/S.  Full Article

MANULIFE ASSET MANAGEMENT GAINS APPROVAL FOR UCITS IN CHILE
Wednesday, 4 Oct 2017 11:06am EDT 

Oct 4 (Reuters) - Manulife Asset Management::MANULIFE ASSET MANAGEMENT GAINS APPROVAL FOR UCITS IN CHILE; FORGES DISTRIBUTION PARTNERSHIP WITH BANCHILE ADMINISTRADORA GENERAL DE FONDOS (AGF).SAYS BEGUN MARKETING FUNDS THROUGH DISTRIBUTION PARTNERSHIP FORGED EARLIER THIS YEAR WITH BANCHILE ADMINISTRADORA GENERAL DE FONDOS​.  Full Article

BRIEF-‍Manulife Asset Management says AUM reached C$480 bln as of June 30
Thursday, 21 Sep 2017 11:46am EDT 

Corrects to say AUM reached C$480 bln as of June 30 in headline:Says AUM reached CAD$480 billion as of June 30, 2017, up 10 percent over June 30, 2016​.‍Says institutional assets managed reached CAD$89 (US$69) billion at June 30, 2017, over 15 percent higher than a year ago​.  Full Article

Manulife Financial Corp says ‍Manulife U.S. Regional Bank Trust received acceptance of intention to make normal course issuer bid​
Wednesday, 13 Sep 2017 08:01am EDT 

Sept 13 (Reuters) - Manulife U.S. Regional Bank Trust :Manulife Financial Corp - ‍manulife U.S. Regional Bank Trust received acceptance of intention to make normal course issuer bid​.  Full Article

UPDATE 1-Manulife to cut 5 pct of Canadian workforce in technology push

June 21 Canada's Manulife Financial Corp is cutting some 700 jobs in the country as part of a drive to automate certain functions, the insurer said on Thursday.