- CEO
- Philip James Witherington
- Full Time Employees
- 37,000
- Sector
- Financial Services
- Industry
- Insurance - Life
- Address
- 200 Bloor Street East Toronto ON Canada M4W 1E5
- IPO Date
- Mar 4, 2020
- Business
- Manulife Financial Corporation (MFC) provides financial protection, insurance, and wealth management products and services to individuals, institutions, and businesses. The company offers life insurance, health insurance, annuities, pension products, mutual funds, segregated funds, exchange-traded funds, retirement plans, reinsurance services, and banking through Manulife Bank of Canada; it operates under the Manulife brand in Canada and Asia and the John Hancock brand in the United States. Manulife conducts operations across Canada, the United States, Asia including Hong Kong, China, Japan, Singapore, Indonesia, the Philippines, Malaysia, Cambodia, Vietnam, and India, and other international markets.
Founded in 1887 and headquartered in Toronto, Ontario, Canada, Manulife manages CA$1.4 trillion in assets under management and administration, employs approximately 38,000 people, and serves over 36 million customers worldwide through more than 109,000 agents and distribution partners.
In recent developments, Manulife completes the acquisition of Comvest Credit Partners to form a new private credit platform, Manulife | Comvest Credit Partners, enhancing its wealth and asset management capabilities; the company announces a refreshed enterprise strategy emphasizing sustainable growth, including a US$350 million commitment through 2030 to launch the Manulife Longevity Institute for research and investment platforms. Manulife expands in India via a deepened partnership with Mahindra & Mahindra to enter the life insurance market, complementing its existing asset management operations; it launches new segregated fund solutions managed by BlackRock and prices a US public offering of senior notes. Roy Gori retires as President and CEO in May 2025, succeeded by Philip Witherington, under whom the firm prioritizes AI investments, US middle-income market expansion, and Asian growth.