Leading international financial services group providing life insurance, wealth management, and investment solutions.
Manulife Financial Corporation, along with its subsidiaries, offers a comprehensive array of financial products and services across Asia, Canada, the United States, and other international markets. Established in 1887 and headquartered in Toronto, Canada, Manulife operates through three main segments: Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment delivers mutual funds, exchange-traded funds (ETFs), group retirement and savings products, and institutional asset management services. These offerings are distributed through a network of agents and brokers affiliated with the company, securities brokerage firms, financial advisors, pension plan consultants, and banks. This segment is crucial in helping clients build and manage their wealth through a variety of investment vehicles and retirement solutions.
The Insurance and Annuity Products segment of Manulife provides a wide range of insurance and financial products aimed at protecting individuals and groups against life's uncertainties. This includes deposit and credit products, individual life insurance, long-term care insurance for both individuals and groups, and guaranteed as well as partially guaranteed annuity products. These products are marketed through a diverse distribution network comprising insurance agents, brokers, banks, financial planners, and direct marketing efforts. By offering such a broad spectrum of insurance and annuity products, Manulife ensures that it meets the diverse needs of its clientele, providing them with financial security and peace of mind.
The Corporate and Other segment of Manulife encompasses a variety of additional services and operations. This includes property and casualty insurance and reinsurance businesses, run-off reinsurance operations, and the management of timberland and agricultural portfolios. The segment also involves insurance agency operations, portfolio and mutual fund management, and the provision of investment management, counseling, advisory, and dealer services. Through these activities, Manulife not only diversifies its revenue streams but also leverages its expertise in managing complex financial and real asset portfolios. This comprehensive approach ensures that Manulife remains a robust and versatile financial services provider, capable of adapting to the evolving needs of its global customer base.