Business description: Manulife Financial Corporation

Manulife Financial Corporation is a Canada-based international financial services provider. The Company provides financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Its segments include Wealth and asset management businesses, Insurance and annuity products, and Corporate and Other segment. Wealth and asset management businesses branded as Manulife Investment Management, provide investment advice and solutions to retirement, retail, and institutional clients. Insurance and annuity products include a variety of individual life insurance, individual and group long-term care insurance and guaranteed and partially guaranteed annuity products. Products are distributed through multiple distribution channels, including insurance agents, brokers, banks, financial planners and direct marketing. Corporate and Other segment comprise the investment performance of assets backing capital.

Number of employees: 37,000

Sales by Activity: Manulife Financial Corporation

Fiscal Period: December 2021 (CAD) 2022 (CAD) 2023 (CAD) 2024 (CAD) 2025 (CAD)

Global WAM (Wealth and Asset Management)

654.1Cr 631.1Cr 576.3Cr 645.7Cr 704.3Cr

Asia

2.96TCr 1.5TCr 248.6Cr 356.3Cr 453.5Cr

Canada

1.24TCr 390.7Cr 318.2Cr 340.3Cr 326.4Cr

U.S.

1.33TCr -682.9Cr 92Cr 28Cr -53Cr

Corporate and Other

8.7Cr -120.4Cr 133.1Cr 141.1Cr 75Cr

Geographical breakdown of sales: Manulife Financial Corporation

Fiscal Period: December 2021 (CAD) 2022 (CAD) 2023 (CAD) 2024 (CAD) 2025 (CAD)

U.S.

1.62TCr -435.4Cr 330.1Cr 1.14TCr 1.2TCr

Canada

1.39TCr 487.3Cr 448.4Cr 929.6Cr 982.5Cr

Asia

3.12TCr 1.58TCr 181.4Cr 580.9Cr 696.5Cr

Other

60Cr 82Cr 10Cr 8.4Cr 8.6Cr

Executive Committee: Manulife Financial Corporation

Manager TitleAgeSince
Chief Executive Officer - 08/05/2025
Director of Finance/CFO - 01/07/2023
Compliance Officer - 01/04/2023
Chief Investment Officer 57 01/08/2024
Chief Tech/Sci/R&D Officer - 15/04/2019

Composition of the Board of Directors: Manulife Financial Corporation

Director TitleAgeSince
Chairman 67 15/02/2023
Director/Board Member 73 01/03/2013
Director/Board Member 68 07/08/2019
Director/Board Member 65 07/08/2019
Director/Board Member 67 09/06/2020
Director/Board Member 54 10/11/2020
Director/Board Member 70 01/12/2021
Director/Board Member 72 05/03/2024
Director/Board Member 60 05/03/2024
Director/Board Member 71 09/05/2024

Shareholders: Manulife Financial Corporation

NameEquities%Valuation
Royal Trust Corporation of Canada
7.953 %
13,33,58,657 7.953 % 4 740 M $
Vanguard Fiduciary Trust Co.
4.671 %
7,83,17,970 4.671 % 2 783 M $
BMO Bank NA (Investment Management)
3.119 %
5,23,02,308 3.119 % 1 859 M $
TD Waterhouse Private Investment Counsel, Inc.
2.277 %
3,81,81,297 2.277 % 1 357 M $
1832 Asset Management LP
1.704 %
2,85,78,141 1.704 % 1 016 M $
NameEquities%Valuation
Franklin ClearBridge Investment Management
0.3125 %
25,000 0.3125 % 471 275 $
Canso Investment Counsel Ltd.
0.05 %
4,000 0.05 % 75 404 $
NameEquities%Valuation
Canso Investment Counsel Ltd.
-
6,42,400 - 9 M $
NameEquities%Valuation
Slater Asset Management, Inc.
0.93 %
74,400 0.93 % 1 M $
Canso Investment Counsel Ltd.
0.00125 %
100 0.00125 % 1 821 $
NameEquities%Valuation
Slater Asset Management, Inc.
1.29 %
1,03,235 1.29 % 2 M $
Purpose Investments, Inc.
0.3545 %
28,357 0.3545 % 531 637 $
Canso Investment Counsel Ltd.
0.00625 %
500 0.00625 % 9 374 $
NameEquities%Valuation
Canso Investment Counsel Ltd.
0.000714 %
100 0.000714 % 1 839 $
NameEquities%Valuation
Franklin ClearBridge Investment Management
1.195 %
1,19,450 1.195 % 2 M $
NameEquities%Valuation
Slater Asset Management, Inc.
0.4416 %
30,913 0.4416 % 431 144 $
NameEquities%Valuation
Slater Asset Management, Inc.
0.1462 %
20,474 0.1462 % 331 065 $
NameEquities%Valuation
Slater Asset Management, Inc.
0.4147 %
49,762 0.4147 % 813 111 $
I. G. Investment Management Ltd.
0.0817 %
9,808 0.0817 % 160 263 $

Holdings: Manulife Financial Corporation

NameEquities%Valuation
1,08,12,255 0.15% 4 246 M $
2,09,89,009 0.09% 3 719 M $
1,66,01,010 0.15% 3 486 M $
1,08,10,629 0.19% 3 370 M $
1,25,45,302 0.09% 3 314 M $
1,18,79,653 0.85% 1 987 M $
25,80,087 0.12% 1 672 M $
1,70,14,836 1.01% 1 657 M $
14,00,295 0.15% 1 473 M $
43,81,960 0.09% 1 400 M $

Company details: Manulife Financial Corporation

Manulife Financial Corp.

200 Bloor Street East

M4W 1E5, Toronto

+416-926-3000

http://www.manulife.com
address Manulife Financial Corporation(MFC)

Group companies: Manulife Financial Corporation

NameCategory and Sector
Major Banks
Manulife Financial Plans, Inc.

Other Life & Health Insurance

Change 5d. change 1-year change 3-years change Capi.($)
+1.66%+2.91%+10.23%+88.83% 5.71TCr
-1.18%-1.50%+13.11%+33.72% 15TCr
+1.51%+2.12%-0.71%+50.10% 8.84TCr
+0.64%+4.54%+8.55%+102.09% 5.96TCr
+0.37%-0.97%+1.73%+74.63% 5.63TCr
+1.10%+3.66%+20.07%+50.86% 5.14TCr
+1.75%-2.27%-13.99%+19.88% 4.51TCr
+1.17%+3.68%+23.70%+81.51% 4.23TCr
+0.37%-0.45%+42.08%+8.73% 3.65TCr
+1.38%+1.21%+9.86%+41.85% 3.53TCr
Average +0.73%+1.30%+11.46%+55.22% 6.25TCr
Weighted average by Cap. +0.46%+0.76%+10.27%+53.93%
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
46.66CAD
Average target price
54.71CAD
Spread / Average Target
+17.26%

Annual profits - Rate of surprise

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