Ranking Profile - Manulife Financial Corp

Introduction

Manulife Financial Corp (MFC) offers a range of financial protection and asset and wealth management products and services to individuals and corporate customers. Its insurance products include individual life insurance, creditor insurance, individual living benefits insurance and group life and health insurance. The company also offers annuities, mutual funds, education savings plans, individual retirement savings plans, investment-linked products and group retirement savings plans. The company markets and distributes its products through independent agents, contracted agents, financial advisors, bank partnerships and brokers. It operates in North America and Asia. MFC is headquartered in Toronto, Canada. The company reported gross premiums of CAD44,102 million for the fiscal year ended December 2022 (FY2022), a decrease of 0.5% over that in FY2021. Its net premiums were CAD37,853 million in FY2022, a decrease of 3.1% over that in FY2021.