Manulife Financial Corporation operates as a financial services company with principal operations in Asia, Canada, and the United States. The company offers its clients a range of financial protection and wealth management products and services. Divisions The company operates through three divisions: Asia, Canada, and the United States. Asia This division provides financial protection and wealth management products in Asia. The company operates in Hong Kong, Japan, Indonesia, the Philippines, Singapore, China, Taiwan, Vietnam, Malaysia, Thailand, Macau, and Cambodia. It has approximately 57,000 contracted agents selling its products and has expanded its distribution capabilities to include approximately 100 bank partnerships and approximately 500 dealers, independent agents, and brokers. Canada This division offers a portfolio of protection, estate planning, investment, and banking solutions through an independent distribution network. The company’s Individual Insurance business offers a portfolio of insurance products, including universal, whole and term life, as well as living benefits insurance, designed to meet protection, estate, and retirement planning needs for middle- and upper-income customers. Manulife Investments offers a range of investment products and services that span the investor spectrum, from those just starting to build their financial portfolio to individuals and families with complex retirement and estate planning needs, while Manulife Private Wealth provides personalized investment management, private banking and estate solutions to affluent clients. Manulife Bank helps Canadians with flexible debt and cash flow management solutions as part of their financial plan. The company provides group life, health, disability and retirement solutions to Canadian employers, approximately 19,000 Canadian businesses and organizations entrust their employee benefit programs to Manulife’s Group Benefits. Life, health and specialty products, such as travel insurance, are also offered through alternative distribution channels, including sponsor groups and associations, as well as direct-to-customer marketing. United States This division operates as John Hancock. John Hancock’s core retail products in the U.S. focus on providing financial solutions to its customers. The company distributes its products primarily through licensed financial advisors and through Signator Investors, Inc. (Signator), its affiliated broker-dealers consisted of a national network of independent firms. John Hancock provides lifestyle portfolios in the U.S. based on assets invested in annuities, retirement plan services, variable life insurance, and mutual funds. The company’s U.S. insurance businesses include John Hancock Life (JH Life) and John Hancock Long-Term Care (JH LTC). JH Life offers a portfolio of insurance products, including universal, variable, whole, and term life insurance designed to provide estate, business, and retirement solutions for high net worth and emerging affluent markets. JH LTC provides solutions for middle-income through affluent clients in need of care advisory services, support, and financial resources that help cover the cost of long-term care in the event of an illness, accident, or through the normal effects of aging. U.S. Wealth Management offers a range of products and services focused on individuals and business markets, as well as institutional oriented products for employee benefit plan funding solutions. John Hancock Retirement Plan Services (Retirement Plan Services) provides 401(k) plans to small and medium-sized businesses. John Hancock Investments (JH Investments) offers various mutual funds and 529 College Savings plans. The company’s Annuity business manages an in-force block of fixed deferred, variable deferred, and payout annuity products. Investment This division has two major businesses, management of the company’s General Fund investments and Manulife Asset Management (MAM), a global asset management business. The General Fund includes a range of investments, including public and private bonds, mortgages, public and private equities, and real assets, which include real estate, power and infrastructure, oil and gas, timberland and farmland. Manulife Asset Management is the global asset management arm of Manulife Financial, providing asset management solutions for institutional investors and retail clients in major markets worldwide. The company’s expertise extends across a range of public and private asset classes, as well as asset allocation solutions. It serves retail clients, through its wealth management affiliates, and directly service institutional clients, such as pension plans, foundations, endowments, and financial institutions. In 2013, the company introduced a new unit, Manulife Asset Management Private Markets, to bring together its specialized private market teams managing funds for third party investors and to provide access to the company’s other specialized teams. Strategy The company’s core strategy focuses on expanding its professional agency force and alternative channel distribution, growing its wealth and asset management businesses, and investing in its brand across Asia. Significant Events In October 2014, Manulife Financial Corporation entered into a co-venture agreement with Ivanhoe Cambridge, to develop, own and operate the 900 de Maisonneuve West office building development. History Manulife Financial Corporation was founded in 1887.
manulife financial corp (MFC:Toronto)
North Tower 10
200 Bloor Street East
Toronto, ON M4W 1E5
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