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Manulife

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Manulife Financial is a large, diversified, Canada-based financial services company. Manulife operates on a worldwide basis and offers a broad range of financial protection products and wealth management services--including annuities. Manulife merged with John Hancock in 2004.

Products Offered

General Information
Websitewww.manulife.com
TypeInsurance Company
Founded
Ownership
CountryUSA
Contact Information
Address
Valhalla, NY 10595
Phone877-391-3748
Fax914-773-0709

Information & Articles about Manulife

Hedging Costs

An interesting article (click here to read) from Darla Mercado at Investment News discusses Manulife's efforts to catch-up with hedging strategy.

The focus seems to be the variable annuity portfolio.

Much of the (unhedged) pain was experienced in 2008-2009.

Apparently Manulife is about half-way through a 4 year program--final objective being 75% coverage of equity market exposure.

Manulife Shoring-up Capital in Light of Hits to Variable Annuity Business

Manulife Financial continues to recover and shore-up its balance sheet after taking some hits to its previously unhedged variable annuity business:

Manulife is still recovering from exposure to billions of dollars in liabilities incurred by its variable annuity business during the global economic crisis, when unhedged bets turned sour as stock markets tumbled.

Source: Reuters

Full Story

Manulife Under Pressure - Hurt by Lack of Hedging in Variable Annuity Business

Canadian insurer Manulife Financial is under investigation by the Ontario Securities Commission for failing to disclose certain obligations related to its variable annuity products.

Manulife's stock price has been under pressure and the company had to draw down a $3 billon loan.

Manulife, the parent of John Hancock, has reported billion dollar earnings losses in its two most recent quarters.

The company is suffering from the decision not to hedge effectively within its variable annuity products and living benefit guarantees.

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Retirement Income Industry Association Spring Conference 2012

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