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C$ unless otherwise stated                                              TSX/NYSE/PSE: MFC    SEHK:945

, /PRNewswire/ -- Manulife Financial Corporation (NYSE: MFC) (the "Company") today announced that it has priced a public offering in the United States of U.S.$750,000,000 aggregate principal amount of 6.146% subordinated notes due 2041 (the "Notes") at a public offering price of 100.000%. The Notes are anticipated to qualify as Tier 2 regulatory capital of the Company.

The Notes are expected to be issued on September 11, 2026 and will bear interest at a fixed annual rate of 6.146% for the period from, and including, the issue date to, but excluding, September 11, 2036 (the "Reset Date"), and, during the period from, and including the Reset Date to, but excluding, September 11, 2041, at an annual rate equal to the CMT Rate (as defined in the prospectus supplement) determined on the third business day immediately preceding the Reset Date plus a spread of 1.350%. The Company may, at its option, redeem the Notes, in whole at any time or in part from time to time, with the prior written approval of the Superintendent of Financial Institutions (Canada) (the "Superintendent"), on or after September 11, 2031 and prior to the Reset Date at the applicable make-whole redemption price described in the prospectus supplement. The Company may also redeem the Notes, in each case, in whole, but not in part, with the prior written approval of the Superintendent, (i) on the Reset Date, (ii) at any time within 90 days following a specified regulatory event or (iii) at any time following a specified tax event, in each case, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption. 

The offering was made pursuant to a preliminary prospectus supplement, dated September 1, 2026, to the Company's registration statement declared effective by the Securities and Exchange Commission (the "SEC") on September 29, 2025.

The Company intends to use the net proceeds from the sale of the Notes for general corporate purposes, which may include future refinancing requirements.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.

This release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A prospectus supplement and the accompanying prospectus related to the offering have been filed with the SEC and are available on its website at www.sec.gov. Copies of the prospectus supplement and accompanying prospectus, when available, may be obtained by contacting BofA Securities, Inc., 201 North Tryon Street, NC1-022-02-25, Charlotte, NC 28255-0001; Attention: Prospectus Department; Email: [email protected]; Telephone: 1-800-294-1322; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; Email: [email protected]; Telephone: 1-800-831-9146; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717; Email: [email protected]; Telephone: 1-212-834-4533; or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department; Email: [email protected]; Telephone: 1-866-718-1649.

The securities will not be offered or sold, directly or indirectly, in Canada or to any resident of Canada.

About Manulife

Manulife Financial Corporation is a leading international financial services provider, headquartered in Toronto, Canada. Anchored in our ambition to be the number one choice for customers, we operate as Manulife across Canada and Asia, and primarily as John Hancock in the United States, providing financial advice, insurance and health solutions for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment solutions, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2025, we had more than 37,000 employees, over 106,000 agents, and thousands of distribution partners, serving over 37 million customers with operations across 25 markets globally. We trade as 'MFC' on the Toronto, New York, and Philippine stock exchanges, and under '945' on the Hong Kong stock exchange.

Media Relations:
Fiona McLean
Manulife
437-441-7491
[email protected]

Investor Relations:
Derek Theobalds
Manulife
416-254-1774
[email protected]

SOURCE Manulife Financial Corporation

5 Undervalued Stocks To Secure Your High Yield PortfolioManulife Financial NYSE: MFC reported second-quarter 2026 results marked by double-digit growth in insurance sales, higher core earnings and continued capital returns, while also announcing a third long-term care reinsurance transaction in three years.

President and Chief Executive Officer Phil Witherington said annualized premium equivalent, or APE, sales increased 21% from a year earlier, supported by double-digit growth in each insurance segment. New business contractual service margin rose 16%, while the company’s total CSM balance increased 20%.

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3 High Short Interest Stocks that Investors are Getting WrongCore earnings rose 12% year over year and core earnings per share increased 16%, helped by ongoing share repurchases. Manulife reported core return on equity of 16.3%, up 130 basis points from the prior-year quarter. Net income totaled CAD 2.1 billion, exceeding core earnings as higher-than-expected public equity returns more than offset lower-than-expected returns on alternative long-duration assets.

Asia and wealth management drive growth Asia remained a major source of growth. Core earnings in the region increased 21% to a record level, while APE sales rose 21%, led by double-digit gains in Hong Kong, Singapore and Japan. Hong Kong APE sales climbed 37%, reflecting higher savings-product sales across distribution channels, according to Chief Financial Officer Colin Simpson.

Manulife Asia President and CEO Steve Finch said the company’s Hong Kong business remained diversified, with its domestic franchise accounting for about 75% of year-to-date sales. Mainland Chinese visitor, or MCV, business represented about 25% of sales, though that mix can vary by period.

Analysts asked about potential effects from Chinese regulatory and tax enforcement developments involving offshore insurance policies and investments. Finch said it was too early to assess implications, but he did not expect mainland Chinese visitor sales to go to zero and said any near-term impact would be manageable. He added that Manulife expects the longer-term trend of mainland Chinese customers accessing Hong Kong for products and services to continue.

Finch said Hong Kong’s second-quarter sales growth was driven principally by customer offerings and campaigns rather than accelerated purchasing ahead of regulatory changes. Growth in agency and bancassurance more than offset lower MCV sales year over year, he said.

In Global Wealth and Asset Management, Manulife recorded CAD 4 billion of net inflows, driven by institutional business and continued contributions from CQS and Comvest. The result was partially offset by outflows in North American retirement and retail channels. Global WAM core earnings rose 9%, while its core EBITDA margin expanded 110 basis points to 31.2%.

Simpson said retirement outflows reflected planned sponsor redemptions and higher member withdrawals associated with market-driven account appreciation. Retail outflows were primarily tied to active mutual-fund redemptions through third-party intermediaries in Canada, although trends improved sequentially.

Canada claims pressure offsets sales momentum Canadian APE sales increased 23%, led by higher large-case group insurance sales and continued strength in participating life insurance. New business CSM in Canada rose 29%, though new business value was largely flat due to lower margins and product-mix changes in group benefits.

Canadian core earnings declined 10% from the prior year, primarily because of unfavorable claims and expense experience in group insurance, as well as normal claims variability in individual insurance. Manulife said overall insurance experience improved modestly from the first quarter and expects it to trend toward neutral by the end of 2026.

Patrick Graham, President and CEO of Manulife Canada, said unfavorable morbidity experience has been driven largely by disability claims. About one-third of new disability claims are related to mental health, which he said can extend claim duration. The company is investing in earlier intervention, treatment access and specialized case-management teams intended to improve customer outcomes and support return-to-work efforts.

Graham also said Manulife’s group insurance business can be repriced annually. Witherington said the company has both the ability and intent to reprice if adverse experience persists.

In the U.S., APE sales rose 12%, supported by product enhancements and distribution expansion. Core earnings improved from the prior year as claims experience improved in life and long-term care and the expected credit loss provision charge declined. U.S. life claims remained unfavorable during the quarter but improved meaningfully from the prior year, while long-term care experience was favorable in both earnings and CSM.

Long-term care transaction reduces morbidity risk Manulife announced a reinsurance agreement with Munich Re covering an older-vintage standalone long-term care block. The transaction transfers biometric risk on CAD 3.2 billion of reserves through an 80% quota share arrangement, while Manulife retains the assets backing the business and their associated investment-management economics.

Witherington said the agreement represents a full transfer of biometric risk and has pricing similar to prior long-term care transactions, including a modest negative cede. The transaction is expected to be largely capital neutral because lower morbidity-risk capital requirements are offset by the release of the related risk adjustment and ceding commission. No assets are being transferred, meaning there is no capital benefit from asset disposal.

The company expects foregone core earnings of about CAD 30 million in the first year, declining as the block runs off. Including previous transactions, Manulife said it will have reduced long-term care morbidity risk by 24%.

Chief Actuary Stephanie Fadous said the retained long-term care block is somewhat younger and is expected to remain relatively stable before beginning to decline over the next five to 10 years. She said IFRS and statutory capital generation should begin around the same time. The newly reinsured block is more mature and has richer benefits, suggesting capital generation on the retained assets should occur sooner for that block.

Management said it intends to place greater emphasis on organic management of the remaining long-term care portfolio while retaining flexibility to pursue future transactions. Witherington said Manulife’s long-term care customer-care program has generated a current run rate of more than 6% in claims savings through measures including enhanced claims management and efforts to reduce fraud, waste and abuse.

Capital position and shareholder returns Manulife ended the quarter with a LICAT ratio of 136%, representing CAD 26 billion above its supervisory target ratio. Its financial leverage ratio was 22.2%, below its medium-term target of 25%.

Adjusted book value per share increased 15% year over year to CAD 41.12. Over the past 12 months, the company returned CAD 5.3 billion of capital to shareholders, including CAD 1.4 billion during the second quarter through dividends and share buybacks.

Management said its current 2.5% share-repurchase program is consistent with reaching its target of core return on equity above 18%, without requiring an outsized buyback program. Simpson said Manulife expects its annual corporate result to fall within a CAD 300 million to CAD 400 million loss range, likely toward the higher end, reflecting softer property-and-casualty retrocession conditions and higher spending on central projects, particularly artificial intelligence.

About Manulife Financial (NYSE:MFC)Manulife Financial Corporation is a multinational insurance and financial services company headquartered in Toronto, Ontario. Founded in the late 19th century as The Manufacturers Life Insurance Company, Manulife provides a broad range of financial products and services to individual and institutional clients. Its core businesses include life and health insurance, retirement and pension solutions, wealth and asset management, and group benefits.

In wealth and asset management, Manulife operates through Manulife Investment Management and offers mutual funds, segregated funds, institutional asset management, and retirement plan solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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C$ unless otherwise stated   TSX/NYSE/PSE: MFC SEHK: 945

, /PRNewswire/ -- Manulife's Board of Directors today announced a quarterly common shareholders' dividend of $0.485 per share on the common shares of Manulife, payable on and after September 21, 2026, to shareholders of record at the close of business on August 21, 2026.

In respect of the Company's Canadian Dividend Reinvestment and Share Purchase Plan and its U.S. Dividend Reinvestment and Share Purchase Plan, the Company will purchase common shares on the open market in connection with the reinvestment of dividends and optional cash purchases under these plans. The purchase price of these common shares will be based on the average of the actual cost to purchase them and there are no applicable discounts.

About Manulife

Manulife Financial Corporation is a leading international financial services provider, headquartered in Toronto, Canada. Anchored in our ambition to be the number one choice for customers, we operate as Manulife across Canada and Asia, and primarily as John Hancock in the United States, providing financial advice, insurance and health solutions for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment solutions, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2025, we had more than 37,000 employees, over 106,000 agents, and thousands of distribution partners, serving over 37 million customers with operations across 25 markets globally. We trade as 'MFC' on the Toronto, New York, and Philippine stock exchanges, and under '945' in Hong Kong stock exchange. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.

Media Contact
Fiona McLean
Manulife
437-441-7491
[email protected]

Investor Relations
Derek Theobalds
Manulife
416-254-1774
[email protected]

SOURCE Manulife Financial Corporation

Posted by Defense World Staff on Aug 4th, 2026

Manulife Financial (NYSE:MFC – Get Free Report) (TSE:MFC) will likely be issuing its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect Manulife Financial to announce earnings of $0.78 per share and revenue of $7.2825 billion for the quarter. Individuals may review the information on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Thursday, August 6, 2026 at 8:00 AM ET.

Manulife Financial (NYSE:MFC – Get Free Report) (TSE:MFC) last posted its quarterly earnings results on Wednesday, May 13th. The financial services provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.02). The business had revenue of $8.89 billion during the quarter, compared to analyst estimates of $2.32 billion. Manulife Financial had a return on equity of 16.58% and a net margin of 10.19%.During the same quarter last year, the firm earned $0.99 EPS. On average, analysts expect Manulife Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Manulife Financial Trading Up 0.1% Shares of NYSE MFC opened at $44.49 on Tuesday. The stock has a market cap of $73.95 billion, a P/E ratio of 17.66 and a beta of 0.84. Manulife Financial has a 12-month low of $29.70 and a 12-month high of $44.89. The business’s fifty day simple moving average is $41.03 and its 200-day simple moving average is $38.26.

Manulife Financial Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, May 29th were issued a dividend of $0.485 per share. The ex-dividend date was Friday, May 29th. This represents a $1.94 annualized dividend and a yield of 4.4%. Manulife Financial’s dividend payout ratio is 56.75%.

Hedge Funds Weigh In On Manulife Financial Several large investors have recently bought and sold shares of the stock. Sfam LLC purchased a new stake in shares of Manulife Financial in the 4th quarter valued at about $28,000. Heritage Wealth Advisors acquired a new stake in shares of Manulife Financial in the 4th quarter valued at about $30,000. Mcguire Capital Advisors Inc. purchased a new position in Manulife Financial during the 4th quarter worth approximately $36,000. UMB Bank n.a. grew its stake in Manulife Financial by 25.2% during the 4th quarter. UMB Bank n.a. now owns 2,502 shares of the financial services provider’s stock worth $91,000 after buying an additional 503 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Manulife Financial during the third quarter worth approximately $141,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Wall Street Analyst Weigh In A number of equities research analysts have issued reports on the company. TD Securities reaffirmed a “buy” rating on shares of Manulife Financial in a research report on Thursday, May 14th. Weiss Ratings downgraded Manulife Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, July 21st. Scotiabank restated an “outperform” rating on shares of Manulife Financial in a research note on Wednesday, July 15th. Finally, Zacks Research cut shares of Manulife Financial from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Manulife Financial has a consensus rating of “Moderate Buy” and an average price target of $51.50.

View Our Latest Research Report on Manulife Financial

Manulife Financial Company Profile (Get Free Report)

Manulife Financial Corporation is a multinational insurance and financial services company headquartered in Toronto, Ontario. Founded in the late 19th century as The Manufacturers Life Insurance Company, Manulife provides a broad range of financial products and services to individual and institutional clients. Its core businesses include life and health insurance, retirement and pension solutions, wealth and asset management, and group benefits.

In wealth and asset management, Manulife operates through Manulife Investment Management and offers mutual funds, segregated funds, institutional asset management, and retirement plan solutions.

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