MFC Stock Recent News

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BOSTON , Jan. 16, 2025 /PRNewswire/ - Manulife Investment Management (Manulife IM), a company of Manulife Wealth & Asset Management, is pleased to announce the appointment of Ryan Hanna as Global Chief Operating Officer of Private Markets. Ryan brings nearly two decades of experience to this role where he will be focused on scaling Manulife IM's private markets business to deliver more for its clients across the globe.

Manulife Financial stock rallies on the back of solid Asia business, expanding Wealth and Asset Management business and solid capital position.

TSX/NYSE/PSE: MFC SEHK: 945                                                                               C$ unless otherwise stated TORONTO , Jan. 02, 2025 /PRNewswire/ - Manulife announced today that it has closed1 the previously announced transaction to reinsure two blocks of legacy business, including a younger block of long-term care (LTC), with Reinsurance Group of America ("RGA"). "With this second milestone LTC reinsurance transaction, we have now reinsured both mature and younger LTC blocks, further validating our prudent LTC reserves and assumptions," said Manulife President and Chief Executive Officer Roy Gori.

Manulife Financial gets upgraded to a buy, from my prior hold rating, as future revenue and earnings indicators remain strong. Q3 results saw YoY growth in new insurance policies, as well as client inflows to its wealth business. Its profit margin beats key peers, and AI-driven process improvements are expected to make some areas more cost-effective.

C$ unless otherwise stated                 TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , Dec. 10, 2024   /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") has announced that the Board of Directors of Manulife (the "Board") have endorsed the re-appointment of Ernst & Young LLP ("EY") as the Company's external auditor. The decision was made following a thorough and competitive external auditor tender process.

C$ unless otherwise stated                                            TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , Dec. 9, 2024 /PRNewswire/ - Manulife has been notified of an unsolicited mini-tender offer made by New York Stock and Bond LLC (New York Stock and Bond) to purchase up to 50,000 Manulife common shares, or less than 0.003% of the common shares outstanding, at a price of USD$12.50 per share. Manulife is in no way associated with New York Stock and Bond and does not recommend or endorse acceptance of this unsolicited offer.

Manulife (MFC) reported earnings 30 days ago. What's next for the stock?

C$ unless otherwise stated                    TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO , Dec. 5, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife") today announced that after having taken into account all election notices received by the December 4, 2024 deadline for conversion of its currently outstanding 14,000,000 Non-cumulative Rate Reset Class 1 Shares Series 17 (the "Series 17 Preferred Shares") (TSX: MFC.PR.M) into Non-cumulative Floating Rate Class 1 Shares Series 18 of Manulife (the "Series 18 Preferred Shares"), the holders of Series 17 Preferred Shares are not entitled to convert their Series 17 Preferred Shares into Series 18 Preferred Shares. There were 6,650 Series 17 Preferred Shares elected for conversion, which is less than the minimum one million shares required to give effect to conversions into Series 18 Preferred Shares.

WINNIPEG, Manitoba--(BUSINESS WIRE)-- #AI--Conquest Planning surpasses 1 million financial plans, earns top industry accolades and expands reach of its AI-driven financial planning software.