Manulife

Manulife Financial Corporation
FormerlyThe Manufacturers Life Insurance Company
Company typePublic
TSXMFC
NYSEMFC
SEHK945
PSEMFC
IndustryFinancial services (insurance)
FoundedJune 23, 1887; 137 years ago (1887-06-23)
Headquarters200 Bloor Street East
Toronto, Ontario, Canada
M4W 1E5
Area served
North America
Asia
Key people
Roy Gori (president and chief executive officer)
John Cassaday (chairman of the board of directors)
Naveed Irshad (CEO of Canadian operations)
ProductsAsset management, Commercial banking, Commercial mortgages, Consumer banking, Group benefits, Insurance, Investments, Mutual funds, Private banking, Real estate, Reinsurance, Securities, Underwriting, Wealth management
RevenueDecrease CA$39.0 billion (2018)[1]
Increase CA$5.9 billion (2020)[2]
AUMIncrease CA$1.084 trillion (2018)[1]
Total assetsIncrease CA$750.3 billion (2018)[1]
Total equityIncrease CA$47.2 billion (2018)[1]
Number of employees
34,000 employees and 63,000 agents (2015)[3]
Subsidiaries
Websitewww.manulife.com

Manulife Financial Corporation (French: Financière Manuvie) is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario. The company operates in Canada and Asia as "Manulife" and in the United States primarily through its John Hancock Financial division.[4] As of December 2021, the company employed approximately 38,000 people and had 119,000 agents under contract, and has CA$1.4 trillion in assets under management and administration.[5] Manulife at one point serviced over 26 million customers worldwide.[6]

Manulife is the largest insurance company in Canada and the 28th largest fund manager in the world based on worldwide institutional assets under management (AUM).[7]

Manulife Bank of Canada is a wholly-owned subsidiary of Manulife.

  1. ^ a b c d "Statistical Information Package Q4 2018". Manulife. Retrieved February 14, 2019.
  2. ^ "Manulife reports 2020 net income of $5.9 billion, core earnings of $5.5 billion, APE sales of $5.6 billion, and strong Global WAM net inflows of $8.9 billion".
  3. ^ "Increasing number of Canadians hesitant to invest, even in housing". Manulife. February 15, 2016. Retrieved February 15, 2016. Archived March 7, 2016, at the Wayback Machine
  4. ^ Trichur, Rita (August 8, 2007). "Manulife makes $1.1B profit". Toronto Star. Retrieved January 22, 2013.
  5. ^ [1]. Manulife. February 15, 2016. Retrieved February 15, 2016. Archived March 7, 2016, at the Wayback Machine
  6. ^ "Our Story". m.manulife.com. Archived from the original on December 27, 2018. Retrieved December 26, 2018.
  7. ^ "Manulife Asset Management". Retrieved November 6, 2016.