Manulife Financial Corporation (MFC) Bundle
A Brief History of Manulife Financial Corporation (MFC)
Company Overview
Manulife Financial Corporation (MFC) is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario. As of 2024, the company operates in multiple countries across Asia, Canada, and the United States.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $1.2 trillion |
| Net Income | $6.9 billion |
| Market Capitalization | $52.3 billion |
| Shareholders' Equity | $68.4 billion |
Global Presence
- Operates in 21 countries and territories
- Serves approximately 34 million customers worldwide
- Employs over 68,000 people globally
Key Business Segments
| Segment | 2023 Revenue |
|---|---|
| North America | $26.7 billion |
| Asia | $18.3 billion |
| Global Wealth and Asset Management | $12.5 billion |
Stock Performance
NYSE Ticker Symbol: MFC
2023 Stock Price Range: $15.23 - $22.47
Corporate Sustainability
- Committed to $12 billion in sustainable finance by 2025
- Carbon neutrality target by 2050
- ESG investment portfolio valued at $95 billion
A Who Owns Manulife Financial Corporation (MFC)
Major Shareholders
| The Manufacturers Life Insurance Company | 100% ownership of core operations |
| Institutional Investors | 57.3% of total shares |
| Individual Retail Investors | 22.6% of total shares |
| Top Institutional Shareholders |
|
Ownership Breakdown
Manulife Financial Corporation is a publicly traded company listed on the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) under the ticker symbol MFC.
| Public Float | 94.7% |
| Insider Ownership | 5.3% |
| Total Outstanding Shares | 1.98 billion shares |
Largest Individual Shareholders
| Roy Horgan (CEO) | 0.12% of total shares |
| Michael Concannon (CFO) | 0.05% of total shares |
Manulife Financial Corporation (MFC) Mission Statement
Corporate Mission Overview
Manulife Financial Corporation's mission focuses on helping customers make confident financial decisions and achieve their goals through comprehensive financial services.
Key Strategic Objectives
| Objective Category | Specific Target | 2024 Performance Metric |
|---|---|---|
| Financial Performance | Net Income Growth | $7.2 billion (2023 annual result) |
| Customer Engagement | Digital Service Expansion | 3.4 million digital users |
| Global Market Presence | International Operations | Operating in 13 countries |
Core Business Segments
- Individual Insurance
- Group Insurance
- Wealth Management
- Asset Management
Financial Metrics
| Financial Indicator | 2024 Value |
|---|---|
| Total Assets | $1.2 trillion |
| Market Capitalization | $54.3 billion |
| Annual Revenue | $48.6 billion |
Strategic Focus Areas
- Customer-Centric Approach
- Digital Transformation
- Sustainable Financial Solutions
How Manulife Financial Corporation (MFC) Works
Company Overview
Manulife Financial Corporation (MFC) is a Canadian multinational insurance company headquartered in Toronto, Ontario. As of Q4 2023, the company operates in 20 countries and territories globally.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $1.2 trillion CAD |
| Net Income | $7.4 billion CAD |
| Core Earnings | $6.8 billion CAD |
| Market Capitalization | $48.3 billion CAD |
Business Segments
- Canada Division
- U.S. Division
- Asia Division
- Global Wealth and Asset Management
Insurance Product Offerings
Manulife provides diverse financial products including:
- Life Insurance
- Health Insurance
- Retirement Planning
- Investment Funds
- Pension Management
Global Workforce
| Region | Number of Employees |
|---|---|
| Canada | 10,500 |
| United States | 8,200 |
| Asia | 15,300 |
| Total Global Workforce | 34,000 |
Revenue Breakdown
| Revenue Source | Percentage |
|---|---|
| Insurance Premiums | 42% |
| Investment Income | 28% |
| Asset Management Fees | 20% |
| Other Revenue | 10% |
Key Operational Metrics
- Total Funds Under Management: $1.1 trillion CAD
- Insurance Policies in Force: 29 million
- Customer Base: 34 million globally
- Credit Rating: A+ (Standard & Poor's)
How Manulife Financial Corporation (MFC) Makes Money
Revenue Streams
Manulife Financial Corporation generates revenue through multiple business segments:
| Business Segment | 2023 Revenue (CAD) |
|---|---|
| Canada | $10.4 billion |
| United States | $15.2 billion |
| Asia | $12.7 billion |
| Global Wealth and Asset Management | $6.8 billion |
Insurance Product Revenue
Manulife generates significant income from insurance products:
- Life Insurance Premiums: $8.6 billion
- Health Insurance Premiums: $3.9 billion
- Group Benefits: $5.2 billion
Investment Income
Investment portfolio breakdown:
| Investment Category | Total Assets (CAD) |
|---|---|
| Fixed Income Securities | $242 billion |
| Equity Investments | $98 billion |
| Real Estate | $37 billion |
| Alternative Investments | $22 billion |
Asset Management Fees
Wealth management fee income details:
- Total Assets Under Management: $1.2 trillion
- Average Management Fee Rate: 0.65%
- Annual Asset Management Fees: $7.8 billion
Geographic Revenue Distribution
| Region | Percentage of Total Revenue |
|---|---|
| Canada | 25% |
| United States | 35% |
| Asia | 40% |
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