15 Facts About Manulife

1.

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

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2.

Manulife operates in Canada and Asia as "Manulife" and in the United States primarily through its John Hancock Financial division.

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3.

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

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4.

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

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5.

Manulife was incorporated as "The Manufacturers Life Insurance Company" by Act of Parliament on 23 June 1887 and was headed by Canada's prime minister, John A Macdonald, and Ontario's lieutenant-governor, Alexander Campbell .

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6.

Manulife sold its first policy outside of Canada in Bermuda in 1893, where the company had opened its first auxiliary agency the same year.

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7.

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

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8.

In 1984, Manulife 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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9.

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

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10.

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

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11.

In 1999, its voting eligible policyholders approved demutualization, and the shares of Manulife, 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".

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12.

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

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13.

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

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14.

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

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15.

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

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