Manulife announces $5.4 billion reinsurance transaction, including $2.4 billion of long-term care, with RGA

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$RGA
Life Insurance
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Life Insurance
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Recent Analyst Ratings for
$MFC
$RGA

CompanyDatePrice TargetRatingAnalyst
10/9/2024$235.00Hold
TD Cowen
9/5/2024Equal Weight
Barclays
9/5/2024$255.00Overweight
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5/9/2024Sector Perform → Outperform
National Bank Financial
2/22/2024Buy
Jefferies
12/12/2023Sector Perform → Outperform
RBC Capital Mkts
12/11/2023$171.00 → $189.00Hold → Buy
Jefferies
6/23/2023$170.00 → $160.00Buy → Hold
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  • GenAI Capabilities rolled out to 100% of Manulife's Workforce with 75% Engagement Rate

     C$ unless otherwise stated                                      TSX/NYSE/PSE: MFC     SEHK: 945  Manulife's digital capabilities, including AI-enabled enhancements, are expected to generate a threefold return on investment over five years through 2027 TORONTO, March 6, 2025 /PRNewswire/ - Manulife announced today that over 75 percent of its global workforce are engaged with GenAI through learning, immersive experiences and tools, including ChatMFC, its proprietary GenAI assistant introduced in 2024. Manulife has been actively investing in AI tools to embed across its workforce since the AI practice was introduced nearly ten years ago.

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  • Manulife Financial Corporation announces results of Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 19

    C$ unless otherwise stated                                                                                                             TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO, March 5, 2025 /PRNewswire/ - Manulife Financial Corporation ("Manulife") today announced that after having taken into account all election notices received by the March 4, 2025 deadline for conversion of its currently outstanding 10,000,000 Non-cumulative Rate Reset Class 1 Shares Series 19 (the "Series 19 Preferred Shares") (TSX:MFC) into Non-cumulative Floating Rate Class 1 Shares Series 20 of Manulife (the "Series 20 Preferred Shares"), the holders of Series 19 Preferred Shares are not entitled to convert their Seri

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  • Reinsurance Group of America Announces Pricing of Subordinated Debentures

    Reinsurance Group of America, Incorporated (NYSE:RGA) ("RGA") announced today that it has priced an aggregate principal amount of $700 million of 6.650% Fixed-Rate Reset Subordinated Debentures due 2055 (the "2055 Debentures") pursuant to an underwritten registered public offering (the "Offering"). The 2055 Debentures have a maturity date of September 15, 2055, an issue price of 100% and feature a fixed-rate coupon of 6.650%, payable semiannually in arrears. RGA expects to complete the Offering on March 3, 2025, subject to customary closing conditions. RGA expects to use the net proceeds from the Offering for general corporate purposes, including funding its obligations with respect to th

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  • Manulife Investment Management Welcomes Ryan Hanna as Global Chief Operating Officer, Private Markets

    BOSTON, Jan. 16, 2025 /PRNewswire/ - Manulife Investment Management (Manulife IM), a company of Manulife Wealth & Asset Management, is pleased to announce the appointment of Ryan Hanna as Global Chief Operating Officer of Private Markets. Ryan brings nearly two decades of experience to this role where he will be focused on scaling Manulife IM's private markets business to deliver more for its clients across the globe. He will be responsible for spearheading and implementing key strategic growth and operational initiatives for private markets, in partnership with investment lea

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  • Manulife announces results of external auditor tender process

    C$ unless otherwise stated                 TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO, Dec. 10, 2024   /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") has announced that the Board of Directors of Manulife (the "Board") have endorsed the re-appointment of Ernst & Young LLP ("EY") as the Company's external auditor. The decision was made following a thorough and competitive external auditor tender process. The selection process carefully considered the submissions of EY and two other globally recognized audit firms and was independently overseen by the Audit Committee of the Board.

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  • Manulife Retirement Report Highlights Generational Preparedness and Financial Resilience as Longevity Increases

    C$ unless otherwise stated           TSX/NYSE/PSE: MFC SEHK: 945 Report suggests actions for each generation and how retirement plan providers, plan sponsors and advisors can help achieve better outcomesWith longer lives and potentially more years in retirement, action during working years is crucialTORONTO, Oct. 22, 2024 /CNW/ - Today, Manulife released the Manulife Financial Resilience and Longevity Report, incorporating data from its fourth annual survey of Canadian retirement plan members and a separate panel of Canadian retirees. The report shows how workers continue to face financial challenges, with Baby Boomers generally in a better financial position compared to Gen Xers and Gen Z/M

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  • Manulife cautions investors regarding Ocehan LLC offer for shares

    C$ unless otherwise stated                                            TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO, Feb. 25, 2025 /PRNewswire/ - Manulife has been notified of an unsolicited mini-tender offer made by Ocehan LLC (Ocehan) to purchase up to 50,000 Manulife common shares, or less than 0.003% of the common shares outstanding, at a price of $34.20 per share. Manulife is in no way associated with Ocehan and does not recommend or endorse acceptance of this unsolicited offer. Manulife cautions shareholders that the mini-tender offer has been made at a price below the current

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  • RGA Announces Reinsurance Transaction with Equitable Holdings

    Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life and health reinsurer, today announced it has entered into an agreement with Equitable Holdings, Inc. (NYSE:EQH, "Equitable")) to reinsure a diversified block of life insurance products and expand their strategic partnership. RGA to reinsure $32 billion of a diversified mix of life insurance products RGA expects to deploy $1.5 billion of capital at closing into this reinsurance transaction Priced with attractive returns within RGA's target range Expected to meaningfully contribute to adjusted operating EPS Broadens RGA's relationship with Equitable across underwriting, product development, distributio

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  • Manulife increases common shareholders' dividend by 10.0%

    C$ unless otherwise stated                                                               TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO, Feb. 19, 2025 /PRNewswire/ - Manulife's Board of Directors today announced an increase of 10.0% or 4 cents per share to its quarterly common shareholders' dividend resulting in a dividend of $0.44 per share on the common shares of Manulife, payable on and after March 19, 2025, to shareholders of record at the close of business on March 5, 2025. In respect of the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.S. Dividend R

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