- Business
- Manulife Financial Corporation Manulife Financial Corporation operates as a leading international financial services provider, offering life insurance, health insurance, annuities, wealth management, and asset management products to individuals, families, groups, businesses, and institutions. The company delivers its core offerings through segments including Global Wealth and Asset Management (Global WAM), which provides investment advice, mutual funds, exchange-traded funds (ETFs), retirement plans, and private credit solutions; Insurance, encompassing individual and group life insurance, long-term care insurance, travel insurance, and guaranteed annuities; and Corporate and Other, managing assets backing capital and reinsurance services in property retrocession. Manulife Bank of Canada supports innovative banking services, while products distribute via agents, brokers, banks, financial planners, and digital channels. Founded in 1887 and headquartered in Toronto, Canada, Manulife conducts operations primarily under the Manulife brand in Canada, Asia, and Europe, and as John Hancock in the United States, serving clients across North America, Asia, and select international markets with over 37,000 employees and more than 109,000 agents. Recent developments include the November 2025 completion of a 75% acquisition of Comvest Credit Partners to create Manulife | Comvest Credit Partners, a scaled private credit platform immediately accretive to core earnings per share, return on equity, and EBITDA margin; the November 2025 launch of four new BlackRock-managed segregated index funds (Manulife BlackRock Canadian Universe Bond Index Fund, Canadian Equity Index Fund, U.S. Equity Index Fund, and International Equity Index Fund) for enhanced advisor and client options in GIF Select InvestmentPlus series and RESPs; and a refreshed enterprise strategy announced in November 2025 emphasizing AI investment, U.S. middle-income expansion, and a planned joint venture with Mahindra in India.