C$ unless stated otherwise TSX/NYSE/PSE: MFC SEHK: 945. Manulife expects its digital advancements, including AI improvements, to yield a threefold return on investment by 2027. As of March 6, 2025, over 75% of Manulife's global employees are using GenAI through various learning tools and experiences, including their own AI assistant, ChatMFC, launched in 2024.
C$ unless stated otherwise TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Feb. 24, 2025 /PRNewswire/ - Manulife Financial Corporation ("Manulife") has revealed that it has started an automatic share repurchase plan. This plan allows its designated broker to buy back Manulife's common shares as part of its previously announced normal course issuer bid ("NCIB"). The number of shares bought, when they are purchased, and the price will be influenced by future market conditions.
C$ unless stated otherwise TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Feb. 19, 2025 /PRNewswire/ - Manulife has announced that Nancy Carroll and John Montalbano will join its Board of Directors starting February 28, 2025. Ms. Carroll previously worked as a partner in the Financial Services Group and led the National Insurance and Reinsurance Group at McCarthy Tétrault LLP, bringing over 40 years of experience as a top legal advisor for insurance and reinsurance firms, banks, and their boards on various complex issues.
C$ unless stated otherwise TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, Feb. 19, 2025 /PRNewswire/ - Manulife Financial Corporation has submitted its audited annual financial statements for 2024, which ended on December 31, 2024, along with the related Management's Discussion and Analysis (MD&A) to securities regulators, including the Canadian Securities Administrators and the U.S. Securities and Exchange Commission on Form 40-F. You can find this information on the Company's website at manulife.com/en/investors/results-and-reports.
Manulife's Board of Directors has announced the quarterly dividends for certain preferred shares, which will be paid on or after March 19, 2025, to shareholders recorded by the end of business on March 5, 2025. The dividends vary by share series, with amounts ranging from $0.229688 to $0.396875 per share. Manulife Financial Corporation, based in Toronto, Canada, is a major international financial services provider that aims to improve people's lives through financial advice and insurance.
Manulife Financial Corporation announced impressive results for the year and fourth quarter ending December 31, 2024, with record core earnings and over 30% growth in key business metrics. The company also reported a double-digit increase in core earnings per share for the year and raised its common share dividend by 10%. For 2024, core earnings reached $7.2 billion, reflecting an 8% increase when adjusted for constant exchange rates compared to 2023.
Rana Gupta, the managing director for Indian equities at Manulife Investment Management, talks about the chances in India's renewable energy sector and other areas that could gain from the shift in policy focus from capital spending to consumer spending.
BOSTON, Jan. 27, 2025 /PRNewswire/ - Manulife Investment Management, the top timberland investment manager globally, managing over five million acres, has announced the final closing of the Manulife Forest Climate Fund LP1,2. The fund has successfully raised $480.1 million from a variety of investors, including qualified U.S. investors, corporations, and global institutions. These investors are keen to support climate change efforts by investing in sustainably managed forests that focus on carbon capture rather than timber production.
Manulife Financial's stock has risen due to strong performance in its Asia operations, growth in its Wealth and Asset Management sector, and a strong financial position.
Manulife Financial has been upgraded to a buy rating from my previous hold rating because future revenue and earnings prospects look promising. In the third quarter, there was year-on-year growth in new insurance policies and an increase in client investments in its wealth management sector. Additionally, its profit margin outperforms major competitors, and improvements driven by AI are anticipated to reduce costs in certain areas.