October 22, 2017 5:40 PM ET

Insurance

Company Overview of John Hancock Life Insurance Company (U.S.A.)

Company Overview

John Hancock Life Insurance Company (U.S.A.) provides individual life insurance, annuities, and group pension products in in the United States. John Hancock Life Insurance Company (U.S.A.) was formerly known as The Manufacturers Life Insurance Company (U.S.A.) and changed its name to John Hancock Life Insurance Company (U.S.A.) in February, 2005. The company is based in Boston, Massachusetts. John Hancock Life Insurance Company (U.S.A.) operates as a subsidiary of The Manufacturers Investment Corporation.

601 Congress Street

Boston, MA 02110-2805

United States

Phone:

617-663-3000

Fax:

617-663-2276

Key Executives for John Hancock Life Insurance Company (U.S.A.)

John Hancock Life Insurance Company (U.S.A.) does not have any Key Executives recorded.

John Hancock Life Insurance Company (U.S.A.) Key Developments

38 Degrees North Seeks Acquisitions

38 Degrees North, LLC has established an equity consortium with John Hancock Life Insurance Company (U.S.A.) and Tax Equity Advisors, LLC that recently acquired a portfolio of twenty community solar projects in Massachusetts, reflecting a capital commitment of greater than $100 million. 38 Degrees North is the managing equity member of the capital syndicate, which represents one of the largest project portfolios in the Massachusetts SREC II market. The parties may choose to utilize the existing structure for additional project acquisitions.

NRG Energy Renewable Asset Sale Attracts Several Suitors

At least seven companies are considering purchases of renewable energy assets from NRG Energy (NYSE:NRG), Bloomberg reports. NextEra Energy (NYSE:NEE), Blackstone (NYSE:BX), KKR, Borealis Infrastructure, John Hancock Life Insurance, Global Infrastructure Partners and Singapore sovereign wealth fund GIC all are considering bids, according to the report. NRG is looking to divest as much as $4B worth of assets, including its stake in solar and wind farm owner NRG Yield (NYSE:NYLD), after Elliott Management and Bluescape Energy Partners pressed for asset sales, debt reductions and cost cuts earlier this year.

John Hancock Life Insurance Company (U.S.A.) Announces Audited Earnings Results for the Year Ended December 31, 2016

John Hancock Life Insurance Company (U.S.A.) announced audited earnings results for the year ended December 31, 2016. For the year, total revenue was CAD 13,781 million compared to CAD 2,472 million a year ago. Income before income taxes was CAD 110 million compared to CAD 193 million a year ago. Net income was CAD 572 million compared to CAD 549 million a year ago. Net income attributed to shareholders was CAD 620 million compared to CAD 549 million a year ago. Cash provided by operating activities was CAD 2,773 million compared to net cash used in operating activities of CAD 513 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
October 11, 2017
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Merger/Acquisition
September 7, 2017
A Portfolio of Twenty Community Solar Projects in Massachusetts
Merger/Acquisition
September 7, 2017
Massachusetts Community Solar Portfolio
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