- Business
- Manulife Financial Corp is a leading Canadian multinational insurance company and financial services provider that offers life insurance, health insurance, annuities, group benefits, wealth accumulation products, retirement solutions, asset management, and banking services to individuals, groups, and businesses. The company operates through key segments including Asia, Canada, the U.S., and Global Wealth and Asset Management; in the U.S., it primarily conducts business through its John Hancock Financial division, while Manulife Bank of Canada provides innovative banking services. Founded in 1887 and headquartered at 200 Bloor Street East in Toronto, Ontario, Manulife maintains a significant global presence across Canada, the United States, and 12 Asian markets such as Hong Kong, Singapore, Japan, China, Indonesia, Malaysia, Thailand, Vietnam, the Philippines, Taiwan, Cambodia, and India, with approximately CA$1.4 trillion in assets under management and administration.
Manulife's core products encompass individual and group life insurance policies, long-term care insurance, critical illness coverage, insurance-based wealth accumulation products, defined contribution plans, variable annuities, investment funds, and institutional asset management solutions delivered to retail, retirement, and institutional clients worldwide.
In November 2025, Manulife announced a refreshed enterprise strategy to become the number one choice for customers, featuring elevated priorities focused on longevity trends, organic investments across segments, and expansion into India through a joint venture with Mahindra in the insurance market to strengthen its footprint across the world's three largest economies. Earlier in 2025, the company completed the acquisition of a 75% stake in Comvest Credit Partners to bolster its Global Wealth and Asset Management capabilities, reported strong Q2 and Q3 results, and reaffirmed 2027 financial targets including a core return on equity of 18%+, cumulative remittances exceeding $22 billion from 2024-2027, and Asia contributing 50% of core earnings. Philip James Witherington succeeded Roy Gori as President and CEO in 2025.