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Manulife Financial Corp (MFC.TO)

MFC.TO on Toronto Stock Exchange

26.90CAD
24 Nov 2017
Change (% chg)

$0.14 (+0.52%)
Prev Close
$26.76
Open
$26.84
Day's High
$27.01
Day's Low
$26.74
Volume
1,037,311
Avg. Vol
3,105,134
52-wk High
$27.50
52-wk Low
$22.39

Latest Key Developments (Source: Significant Developments)

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

Manulife announces structural and leadership changes
Tuesday, 12 Sep 2017 08:01am EDT 

Sept 12 (Reuters) - Manulife Financial Corp :Says bringing all wealth and asset management businesses together into primary reporting segment, global wealth and asset management​.Has created dedicated senior leadership role with direct responsibility for Manulife's closed legacy businesses in North America​.Anil Wadhwani has been appointed president and CEO of Manulife Asia​.Marianne Harrison appointed president, CEO of John Hancock; Michael Doughty been appointed president, CEO of Manulife Canada​.Steve Roder, Manulife's chief financial officer, has decided to retire for personal reasons, effective December 31, 2017​.Philip Witherington, currently interim president and CEO of Manulife Asia, appointed Manulife's CFO, effective January 1, 2018​.  Full Article

Manulife announces subordinated debenture issue
Tuesday, 15 Aug 2017 04:09pm EDT 

Aug 15 (Reuters) - Manulife Financial Corp ::Manulife announces subordinated debenture issue.Manulife Financial Corp - ‍debentures mature on August 20, 2029​.Manulife Financial Corp- intends to issue $750 million principal amount of 3.049% fixed/floating subordinated debentures due August 20, 2029​.Manulife Financial Corp - ‍debentures will bear interest at a fixed rate of 3.049% until August 20, 2024​.Manulife-Intends to use proceeds for funding announced redemption of MFC's 7.768% medium term notes due April 8, 2019 on October 6, 2017, among others​.  Full Article

Manulife says John Hancock spin-off would depend on whether it created shareholder value
Thursday, 10 Aug 2017 09:16am EDT 

Aug 10 (Reuters) - Manulife Financial Corp :Manulife's outgoing ceo (not new ceo) says ultimate determination on possible john hancock spin-off would be if it created shareholder value.Manulife ceo says company "regularly investigates all opportunities of improving shareholder value".Manulife ceo says company "has some challenging blocks of legacy business".  Full Article

Manulife Financial reports qtrly share of $0.61
Wednesday, 9 Aug 2017 05:24pm EDT 

Aug 9 (Reuters) - Manulife Financial Corp :Manulife reports 2Q17 net income of $1,255 million, core earnings of $1,174 million, and strong investment-related experience gains.MFC generated core earnings of $1,174 million, diluted core earnings per share of $0.57 in Q2 .‍Generated gross flows of $30.9 billion in wealth and asset management businesses in 2Q17, increase of 13% compared with 2Q16​.Manulife financial corp qtrly ‍shr $0.61​.Manulife financial corp says generated ROE and core roe of 12.4% and 11.5%, respectively, in 2q17 compared with 7.1% and 8.4%, respectively, in 2q16.Qtrly return on common shareholders' equity ("ROE") of 12.4%.Manulife financial corp - ‍reported other wealth sales of $2.0 billion in 2Q17, a decrease of 3% compared with 2Q16​.Manulife financial corp - ‍insurance sales of $1.4 billion in 2q17, an increase of 46% compared with 2q16​.Manulife financial corp says qtrly premiums and deposits from insurance products C$8,595 million versus. C$8,422 million last year.Manulife financial corp - ‍JH life insurance sales in 2Q17 of US$123 million represented an increase of 26% compared with 2Q16​.Manulife financial - total assets under management and administration of $1.0 trillion as at june 30, 2017, increase of 6% compared with Dec. 31, 2016.Q2 earnings per share view c$0.55 -- Thomson Reuters I/B/E/S.  Full Article

Manulife Financial Corp announces conversion privilege of non-cumulative rate reset class 1 shares series 9
Thursday, 27 Jul 2017 04:35pm EDT 

July 27 (Reuters) - Manulife Financial Corp :Manulife Financial Corporation announces conversion privilege of non-cumulative rate reset class 1 shares series 9.Manulife - ‍Does not intend to exercise right to redeem all or any of its currently outstanding 10 million non-cumulative rate reset class 1 shares series 9​.  Full Article

Manulife announces intention to redeem 3.938% fixed/floating Series A subordinated debentures
Thursday, 27 Jul 2017 04:30pm EDT 

July 27 (Reuters) - Manulife Financial Corp :Manulife announces intention to redeem 3.938% fixed/floating Series A subordinated debentures.Manulife Financial - Intention to redeem on Sept 21 $400 million of 3.938% fixed/floating series a subordinated debentures due September 21, 2022​.  Full Article

Fitch Rates Manulife Financial's Subordinated Notes 'BBB+'

(The following statement was released by the rating agency) CHICAGO, November 22 (Fitch) Fitch Ratings assigns a 'BBB+' rating to Manulife Financial Corporation's (MFC) S$500 million 3% subordinated notes due 2029. KEY RATING DRIVERS The rating for the new offering is equivalent to the rating on MFC's existing subordinated debt. The notes are rated two notches below the company's 'A' Insurer Default Rating (IDR), which reflects Fitch's assumption of "poor" recovery prospects in the event of defa