Manulife Financial (MFC)

The Canadian division remains a core earnings base, serving retail and group customers with insurance, savings, and retirement solutions. In the United States, Manulife operates primarily through the John Hancock brand, a long-established name in life insurance, retirement plans, and investment products. The company also has a significant Asian franchise across 12 markets, with Hong Kong and Singapore among its most important hubs. This Asian presence is central to Manulife’s growth strategy, reflecting demand for protection, savings, and wealth products across emerging and developed markets in the region.

Manulife also operates a global wealth and asset management business that serves retail investors, pension plans, and other institutions. This unit manages and administers a large pool of client assets across public and private markets, complementing the company’s insurance operations and adding fee-based revenue. As of the end of 2025, the business had approximately CAD 1.1 trillion in assets under management and administration. Manulife’s earnings are diversified across insurance underwriting, investment spread income, retirement products, and asset management fees, making it a prominent financial institution with exposure to demographic, savings, and capital market trends worldwide.