13 Facts About Manulife Financial

Manulife Financial Corporation is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario.

Manulife Financial is the largest insurance company in Canada and the 28th largest fund manager in the world based on worldwide institutional assets under management .

Manulife Financial Bank of Canada is a wholly owned subsidiary of Manulife Financial.

In 1901, Manulife Financial amalgamated with the Temperance and General Life Assurance Company, a Toronto-based Canadian life insurer that provided preferred rates to abstainers of alcohol.

In 1984, Manulife Financial announced that it had acquired Waterloo, Ontario-based Dominion Life Assurance Company, a deal that included the purchase of all of the outstanding stock of the company from Lincoln National.

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Dominion Life was founded in Waterloo in 1889, and Manulife Financial made a commitment to the community to retain a significant presence in Waterloo.

In 1988, Manulife Financial opened a new five-storey office building at 500 King Street North in Waterloo to house its Canadian Division.

In 1999, its voting eligible policyholders approved demutualization, and the shares of Manulife Financial, the holding company of The Manufacturers Life Insurance Company and its subsidiaries, began trading on The Toronto Stock Exchange, the New York Stock Exchange and the Philippine Stock Exchange under the ticker "MFC", and on The Stock Exchange of Hong Kong under the ticker "945".

In 2003, Manulife Financial-Sinochem received approval for a branch office in Beijing, the first multiple-branch license granted to a foreign-invested joint venture life insurance company.

On September 29,2003, Manulife announced its intent to acquire the Boston-based insurance company John Hancock Financial for $10.

In 2008, Manulife Financial announced that Gail Cook-Bennett would become the first female Chair of the Board.

In 2014, Manulife Financial simplified its logo and brand to refer to itself only as Manulife outside of the United States.

In June 2015, Manulife Financial-Sinochem became the first foreign invested joint-venture life insurance company in China authorized to sell mutual funds.