Manulife Financial Corp logo

Manulife Financial Corp

$ 19.74 -0.06 (-0.3%) 01:58 PM EST
P/E:
6.77
P/B:
1.03
Market Cap:
$ 36.77B
Enterprise V:
$ 36.24B
Volume:
2.34M
Avg Vol (2M):
2.98M
Also Trade In:
Volume:
2.34M
Market Cap $:
36.77B
PE Ratio:
6.77
Avg Vol (2-Month):
2.98M
Enterprise Value $:
36.24B
PB Ratio:
1.03

Business Description

Description
Manulife provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia. The company's investment management business contributes approximately 20% of its earnings and has around CAD 1.4 trillion in assets under management as of Dec. 31, 2021. The U.S. business, which primarily operates under the John Hancock brand, contributes about 30% of earnings and is mainly focused on providing insurance products for estate, business, and income protection. The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings. Finally, the Canadian business segment contributes approximately 20% of earnings.