QUOTE AND NEWS
StreetInsider.com  Oct 8  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Canadian+Solar+%28CSIQ%29+Enters+%2446M+Financing+Arrangement+with+ManuLife+%28MFC%29/9894942.html for the full story.
SeekingAlpha  Oct 2  Comment 
By 5i Research: In today's environment, there is much talk of rising interest rates and how to best benefit from them. Often, one of the 'go-to' solutions to help a portfolio benefit from interest rate changes is through that of insurers. While...
Benzinga  Oct 2  Comment 
Manulife Asset Management Private Markets, the private asset management arm of Manulife (TSX, NYSE: MFC), today announced that Michael J. McNamara has been named Senior Managing Director and Global Head of Real Estate Investments. Based in New...
Canada.com  Sep 17  Comment 
"In our experience in covering the sectors both the lifecos and banks have proven very adept at making domestic purchases deliver handsomely."
newratings.com  Sep 15  Comment 
OTTAWA (dpa-AFX) - Manulife (MFC, MFC.TO) announced the completion of its previously announced offerings of subscription receipts, raising a total of about $2.26 billion. Approximately, $1.76 billion of subscription receipts were sold to a...
The Globe and Mail  Sep 8  Comment 
His focus is on fixed income.
StreetInsider.com  Sep 4  Comment 
* Manulife Financial (NYSE: MFC) announced that The Manufacturers Life Insurance Company ("MLI") and Standard Life Oversea Holdings Limited, a subsidiary of Standard Life plc, have entered into an agreement under which MLI will acquire the...




 

Manulife Financial Corporation (NYSE: MFC) is a broad-based financial services firm headquartered in Toronto, Canada. The company provides a wide range of financial products and services, including life insurance, group life and health insurance, pension products, annuities, and mutual funds to individual and group customers in the US, Canada, Asia, and Japan. The company operates as Manulife Financial in Canada and Asia, and primarily through John Hancock (which merged with Manulife in April 2004) in the United States. As an insurance provider, MFC will seek to profit from increasing insurance demand due to the aging "baby boomer" population. In addition, the firm's large portfolio of assets make it at risk to fluctuating interest rates.

Business Overview

In the past fiscal year, Manulife incurred declining revenue and a loss in net income.[1] For the current fiscal year, Manulife's presence in Japan may affect the firm's annual net income, as the March tsunami has caused a spike in insurance claims.[2]

Trends and Forces

Aging US Population Causes Shift in Insurance Demand

The "baby boomer" generation is heading towards retirement, which is expected to create robust demand for various insurance and wealth accumulation products. Increased longevity means that that this group will need to generate enough wealth to last decades into retirement. As a top insurance company with strong brand recognition and a diversified portfolio of products, MFC is very well positioned to take advantage of this demographic shift.

Changing Interest Rates cause Risk in MFC's Portfolio.

Interest rates will affect any firm involved in any type of investment or firm that issues corporate debt or equity. Changes in the interest rate will invariably change the fundamental values of both equity and debt, since the fundamental value of debt is determined by the time weighted average of payments discounted by current short or long interest rates, and the fundamental value of equity is determined by the value of a firm today along with any projects in the future discounted by some factor over the risk free interest rate. Manulife's large assets makes it particularly effected by the interest rate.

Competition

References

  1. MFC 2010 Annual Report
  2. Seeking Alpha, "Tsunami Raises Alarms at Manulife," 03/15/2011
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