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Manulife Financial Corporation
Type Public (TSXMFC, NYSEMFC, SEHK: 945, PSE: MFC)
Founded 1887
Headquarters Toronto, Ontario, Canada
Key people Donald Guloien, President and Chief Executive Officer
Gail C.A. Cook-Bennett, Chair of the Board of Directors
Industry Financial Services (Insurance)
Revenue $33 billion CAD (2008)
Net income $517 million CAD (2008)
Employees 22,000

Manulife Financial Corporation (NYSEMFC, TSXMFC, SEHK: 945, PSE: MFC), also known as The Manufacturers Life Insurance Company, is a major Canadian insurance company and financial services provider. Although its global head office is located in Toronto, with its Canadian operations based out of Waterloo, Ontario, Manulife has worldwide operations including the United States (through its subsidiary, John Hancock Insurance) and in 10 Asian countries and territories.

Manulife Financial is the largest insurance company in North America and the world's fourth largest, based on market capitalization. Manulife ranks number 91 on the Forbes Global 2000 list (2008 edition); by that measure, it is the second largest company in Canada.



Manulife Financial was founded in 1887 as The Manufacturers Life Insurance Company. Its first president was the first Prime Minister of Canada, Sir John A. Macdonald. In 1897, Manulife Financial expanded its operations into Asia, including China and Hong Kong.

Manulife currently has 47,000 employees and agents.[1]

In 2004, CEO Dominic D'Alessandro led Manulife's acquisition of John Hancock Insurance and Maritime Life.

In October 2008, Manulife Financial Corp. was named one of Greater Toronto's Top Employers by Mediacorp Canada Inc., which was announced by the Toronto Star newspaper.[2]

Corporate governance

Current members of the board of directors of Manulife Financial are: Gail C.A. Cook-Bennett (Chair), Donald A. Guloien, Linda B. Bammann, John M. Cassaday,Thomas P. d’Aquino, Richard B. DeWolfe, Robert E. Dineen, Jr., Pierre Y. Ducros, Scott M. Hand, Robert J. Harding, Luther S. Helms, Thomas E. Kierans, Lorna R. Marsden, and Hugh W. Sloan, Jr.. Former director Michael Wilson resigned as director after 11 years, on being appointed Canadian ambassador to the United States of America in March 2006. Former Chairman Arthur Sawchuk retired in October 2008.[3]

Sponsorship and naming

Manulife Financial was worldwide sponsor for 2008 Summer Olympics. The sponsorship was acquired along with John Hancock Financial Services.

Manulife is the namesake tenant in the tallest building in Edmonton, Alberta, Manulife Place.

See also


External links



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