|Manulife Financial Corp. - MFC.t is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. |
The Company operates in Canada and Asia through the brand name “Manulife Financial” and in the United States primarily through the brand name “John Hancock“.
Manulife reports 2015 core earnings of $3.4 billion, net income of $2.2 billion (up 19% and
down 37%, respectively, compared with 2014), strong top line growth and a dividend increase of 9%
Strategic and operating highlights in 2015:
• Asia – Delivered a 28% increase in insurance sales and a 56% increase in wealth and asset
management gross flows; entered into a flagship 15-year bancassurance partnership with DBS Bank
Ltd. (“DBS”), providing exclusive distribution rights in Singapore, Hong Kong, Indonesia and
mainland China; announced an agreement to acquire Standard Chartered Bank’s existing pension
business in Hong Kong and to become its exclusive Mandatory Provident Fund (“MPF”) distribution
partner for a 15-year period; launched ManulifeMOVE in Hong Kong and Macau, a wellness initiative
that rewards customers for active living; and successfully launched a digital sales channel in
• Canada – Achieved record gross flows and an 8% increase in retail insurance sales; completed
the acquisition of the Canadian-based operations of Standard Life plc (“Standard Life”) and made
significant progress on the integration; launched DrugWatch, an innovative solution designed to
ensure Group Benefits clients get value for money on higher cost drugs; enhanced our customer
experience by using voice biometrics to allow customers to use their voice as their password; and
added more than 800 Manulife Bank automated banking machines across Canada.
• U.S. – Delivered a 14% increase in mutual fund gross flows and strong sales from the acquired
pension business; completed the Retirement Plan Services acquisition and reinsurance agreement with
New York Life; entered the exchange traded fund (“ETF”) market with the launch of six ETFs;
launched a UCITS1 platform, to expand John Hancock Investments’ reach to non-
U.S. domiciled retail investors; and launched an exclusive U.S. life insurance partnership with
Vitality, the global leader in integrating wellness benefits with life insurance products.
• Global Wealth and Asset Management – Surpassed $500 billion in assets under management and
administration for our wealth and asset management businesses; delivered strong investment
performance at Manulife Asset Management (“MAM”), with the majority of public asset classes
outperforming their benchmarks on a 1-, 3- and 5- year basis; MAM launched a UCITS fund structure
to support our institutional asset management expansion into the European market; expanded
liability-driven investing capabilities significantly with the successful integration of the
Standard Life acquisition.
TORONTO – Manulife Financial Corporation (“MFC”) today announced net income attributed to
shareholders of $246 million for the fourth quarter of 2015 (“4Q15”) and $2,191 million for the
full year of 2015. This compares to $640 million and $3,501 million for the corresponding periods
in 2014. In 4Q15, fully diluted earnings per common share (“EPS”) was $0.11 and return on common
shareholders’ equity (“ROE”) was 2.3% compared with $0.33 and 8.1%, respectively, for the fourth
quarter of 2014 (“4Q14”). For the full year of 2015, fully diluted EPS was $1.05 and ROE was 5.8%,
compared with $1.80 and 11.9%, respectively in 2014.