Manulife Financial Corp
(NYSE: MFC)
16.06
+0.29
+1.84%
+0.29
+1.84%
MORE ON MFC
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Manulife Financial Corporation |
| Industry: | Insurance - Life |
| Employees: | 28,000 |
DESCRIPTION
| Manulife Financial Corporation was incorporated in the State of Canada onJune 23, 1887. It is a publicly traded life insurance company and the holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company, Ltd., a Bermuda reinsurance company. The Company and its subsidiaries provide financial products and services, including individual life insurance, group life and health insurance, long-term care insurance, pension products, annuities and mutual funds, to individual and group customers in the United States, Canada and Asia. It also offers reinsurance services, mainly life and property and casualty retrocession, and provides investment management services with respect to the Company’s general fund and segregated fund assets and to mutual funds and institutional customers. The Company’s reporting segments are U.S. Insurance and U.S. Wealth Management, which combine to form the U.S. Division, as well as the Canadian, Asia and the Corporate and Other segment. Protection (U.S., Asia and Canadian Divisions) - 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) - 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. |
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