# Manulife

> Manulife is a Toronto-based financial services group that sells insurance, administers workplace benefits and retirement plans, runs a bank, and manages money for individuals and institutions. Its strategic trick is portfolio surgery: reduce capital tied up in legacy long-term-care and annuity risk, then invest in faster-growing Asia, wealth management, digital distribution and health-linked products. The result is a sprawling but increasingly coherent company serving more than 37 million customers and overseeing C$1.7 trillion in assets under management and administration at the end of 2025.

- **Founded:** 1887
- **Headquarters:** Toronto, Canada
- **Founders:** J. B. Carlile (Originator of the company concept), Sir John A. Macdonald (Founding president), Sir Alexander Campbell (Founding leader and vice-president)
- **Team size:** More than 37,000 employees and over 106,000 agents at December 31, 2025.
- **Products:** Life and health insurance, Group benefits, Manulife Wealth & Asset Management, Manulife Bank, Manulife Vitality and ManulifeMOVE
- **Notable:** Insured 915 lives in its first year, 1887., Sold its first policy in Asia in Shanghai in 1897, creating a regional presence that later became a central growth engine., Demutualized and listed on exchanges in Toronto, New York, Manila and Hong Kong in 1999.

## Products & services

- **Life and health insurance** — Individual life, critical illness, disability, health, travel and long-term-care protection, with regional variations.
- **Group benefits** — Employer-sponsored health, dental, disability, life and wellness programs; Manulife reports more than five million group-benefits customers in Canada.
- **Manulife Wealth & Asset Management** — Public and private market investment strategies, mutual funds, retirement-plan services and advice for individuals and institutions.
- **Manulife Bank** — Canadian digital banking, mortgages, savings, credit and the Manulife One all-in-one account.
- **Manulife Vitality and ManulifeMOVE** — Health-engagement programs that connect insurance with activity tracking, preventive behavior and rewards.
- **John Hancock** — The primary U.S. brand for life insurance, retirement and related financial products.
- **Manulife Re** — Life and property-and-casualty reinsurance solutions for institutional counterparties.

## Achievements

- Insured 915 lives in its first year, 1887.
- Sold its first policy in Asia in Shanghai in 1897, creating a regional presence that later became a central growth engine.
- Demutualized and listed on exchanges in Toronto, New York, Manila and Hong Kong in 1999.
- Completed the roughly US$10.4 billion John Hancock merger in 2004, then the largest cross-border transaction in Canadian history.
- Reported record C$7.5 billion core earnings and C$5.6 billion net income attributable to shareholders in 2025.
- Reached C$1.7 trillion in assets under management and administration and more than 37 million customers at year-end 2025.
- Ranked first among life insurers in the inaugural Evident AI Insurance Index, according to Manulife's 2025 reporting.
- Named to TIME's World's Best Companies 2025 and received a 2025 Gallup Exceptional Workplace Award.

## Latest updates

- **2026-08** — Reported Q2 net income attributable to shareholders of C$2.11 billion and core earnings of C$1.923 billion; APE sales rose 21% year over year.
- **2026-08** — Agreed to reinsure biometric risk on long-term-care policies with C$3.2 billion of reserves to Munich Re; closing is expected in Q4 2026, subject to approvals.
- **2026-07** — Expanded its Microsoft partnership for five years, including Copilot access for more than 30,000 employees and enterprise governance for AI agents.
- **2026-05** — Released its 2025 Sustainability Report, detailing a C$350 million commitment through 2030 to the Manulife Longevity Institute.
- **2025-11** — Refreshed its enterprise strategy around customer choice, health and longevity, AI, diversified growth and superior distribution.
- **2025-08** — Announced a US$937.5 million upfront deal for 75% of Comvest Credit Partners, creating a combined US$18.4 billion private-credit platform; the acquisition later closed in 2025.

## Links

- Website: https://www.manulife.com/
- LinkedIn: https://www.linkedin.com/company/manulife-financial/
- Twitter/X: https://x.com/Manulife
- YouTube: https://www.youtube.com/@manulife
- Instagram: https://www.instagram.com/manulife/
- Facebook: https://www.facebook.com/Manulife

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Profile page: https://yespress.io/manulife
Published by YesPress — https://yespress.io
Last updated: 2026-08-23