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Manulife Financial Corp (MFC.TO)

MFC.TO on Toronto Stock Exchange

27.01CAD
23 Jan 2018
Change (% chg)

$-0.27 (-0.99%)
Prev Close
$27.28
Open
$27.15
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$26.90
Volume
3,550,046
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3,112,965
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$27.77
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$22.39

Latest Key Developments (Source: Significant Developments)

Manulife says U.S. Tax Reform is Expected to Result in $1.9 Bln Charge in Q4
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Manulife Financial Corp ::MANULIFE ANNOUNCES PORTFOLIO ASSET MIX CHANGES TO FREE UP CAPITAL, REDUCE RISK AND LOWER VOLATILITY IN ITS LEGACY BLOCKS, AND UPDATES ITS U.S. TAX REFORM GUIDANCE.U.S. TAX REFORM IS EXPECTED TO RESULT IN AN ESTIMATED $1.9 BILLION CHARGE IN Q4.DECISION TO CHANGE PORTFOLIO ASSET MIX EXPECTED TO RESULT IN CHARGE TO NET INCOME OF $0.50 PER SHARE IN Q4 .PORTFOLIO ASSET MIX CHANGES ARE EXPECTED TO RESULT IN AN ESTIMATED $1 BILLION CHARGE IN Q4.U.S. TAX REFORM IS EXPECTED TO BENEFIT ANNUAL EARNINGS BY APPROXIMATELY $250 MILLION BEGINNING IN 2018.PORTFOLIO ASSET MIX CHANGES EXPECTED TO FREE UP $2 BILLION OF CAPITAL OVER NEXT 12-18 MONTHS.PORTFOLIO ASSET MIX CHANGES WILL NEGATIVELY IMPACT CORE EARNINGS IN SHORT-TERM BY ABOUT $50 MILLION-$60 MILLION/YEAR AFTER-TAX.  Full Article

Manulife Financial Corp Files For Mixed Shelf Of Up To $5 Billion
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Manulife Financial Corp ::MANULIFE FINANCIAL CORP FILES FOR MIXED SHELF OF UP TO $5 BILLION– SEC FILING‍​.  Full Article

Manulife Announces Chair Transition And Succession
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Manulife Financial Corp ::MANULIFE ANNOUNCES CHAIR TRANSITION AND SUCCESSION.MANULIFE FINANCIAL CORP - APPOINTMENT OF JOHN M. CASSADAY AS VICE CHAIR, EFFECTIVE DECEMBER 7, 2017.MANULIFE FINANCIAL - CASSADAY, AS VICE CHAIR, WILL WORK WITH DEWOLFE IN MANAGING TRANSITION OF AFFAIRS OF BOARD UNTIL ANNUAL MEETING ON MAY 3, 2018.MANULIFE FINANCIAL CORP - RICHARD DEWOLFE WILL RETIRE AS CHAIR OF BOARD IN MAY 2018.MANULIFE FINANCIAL - CASSADAY WILL BECOME CHAIR OF BOARD FOLLOWING ANNUAL MEETING ON MAY 3, 2018.  Full Article

Manulife reports Q3 core earnings per share of $0.53
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Manulife Financial Corp :Manulife reports 3q17 net income of $1,105 million, core earnings of $1,085 million, double-digit sales and new business value growth in asia and the 31st consecutive quarter of positive net flows.Q3 earnings per share $0.54.Q3 core earnings per share $0.53.Manulife Financial Corp - ‍insurance sales of $1.1 billion in 3q17, an increase of 10% compared with 3q16​.Manulife Financial Corp - ‍reported other wealth sales of $1.9 billion in 3q17, in line with 3q16​.Manulife Financial - ‍generated net flows of $4.0 billion in wealth and asset management businesses in 3q17 compared with $2.7 billion in 3q16​.Manulife Financial Corp - qtrly premiums and deposits from insurance products $8,892 million versus $8,347 million.Manulife Financial - q3 results include provision of $240 million for estimated financial impact on property and casualty reinsurance business​.Manulife Financial Corp - assets under management and administration at quarter-end $1,006 billion versus $1,012 billion at prior quarter-end.Manulife - ‍completed annual review of actuarial methods and assumptions in q3, resulting in a net neutral impact​.Manulife - ‍core earnings in q3 included net insurance and annuity policyholder experience charges of $48 million post-tax​.Manulife Financial Corp - qtrly ‍core roe 10.6%, versus 9.8%​.Q3 earnings per share view c$0.52 -- Thomson Reuters I/B/E/S.  Full Article

Manulife announces intention to redeem 7.768 pct medium term notes
Tuesday, 15 Aug 2017 

Aug 15 (Reuters) - Manulife Financial Corp :Manulife announces intention to redeem 7.768 pct medium term notes.Manulife Financial Corp - ‍intention to redeem all of its outstanding $600 million principal amount of 7.768 pct medium term notes due April 8, 2019 on Oct 6​.  Full Article

Dbs Group Holdings to sell 100% interest in Dbs China Square for about S$358 million
Friday, 10 Feb 2017 

Dbs Group Holdings Ltd : Sale Of 100% Interest In Dbs China Square Limited . Unit Dbs Bank agreed to sell its entire equity interest in Dbs China Square to an indirect unit of Manulife Financial Corporation for about s$358 million . Upon completion, sale is expected to contribute approximately s$350 million to consolidated net tangible assets and earnings of co .Sale is expected to be completed by end of march 2017.  Full Article

Manulife qtrly diluted core earnings per common share $0.63
Thursday, 9 Feb 2017 

Manulife Financial Corp : Manulife reports 2016 net income of $2.9 billion and core earnings of $4.0 billion (up 34% and 17%, respectively, compared with 2015), strong top line growth and a dividend increase of 11% . Qtrly fully diluted earnings per common share was $0.01 . Manulife financial corp - 4q16 net income attributed to shareholders includes charges of $1,202 million due to direct impact of markets . Manulife financial corp - q4 premiums and deposits from insurance products $8,639 million versus. $7,759 million last year . Qtrly diluted core earnings per common share of $0.63 . Says reported other wealth sales of $1.7 billion in q4 , a decrease of 22% . Manulife - while overall impact of higher rates is highly positive over long term for co, net income was negatively impacted by market movements in q4 . Manulife financial corp - aum at q4-end $977 billion versus. $966 billion at q3-end . Manulife financial corp - approved an 11% increase to dividend . Says insurance sales of $1.1 billion in q4, an increase of 3% . Sets quarterly dividend of c$0.205per share .Q4 earnings per share view c$0.51 -- Thomson Reuters I/B/E/S.  Full Article

Manulife Financial sets quarterly dividend of C$0.185/shr
Thursday, 4 Aug 2016 

Manulife Financial Corp :Sets quarterly dividend of C$0.185 per share.  Full Article

Manulife Asset Management says laid out plans for expansion of its operations in Europe
Tuesday, 14 Jun 2016 

Manulife Asset Management:Laid out plans for expansion of its operations in europe.  Full Article

Manulife acquires 49 pct equity interest in QMLP
Thursday, 2 Jun 2016 

Manulife Asset Management Private Markets:Manulife Asset Management Private Markets says Manulife has acquired a 49 pct equity interest in QMLP.  Full Article

BRIEF-Manulife Announces Intention To Redeem 2.819 Pct Fixed/Floating Subordinated Debentures

* MANULIFE ANNOUNCES INTENTION TO REDEEM 2.819% FIXED/FLOATING SUBORDINATED DEBENTURES Source text for Eikon: Further company coverage: