Manulife Financial Corporation - MNUFF stock
OTC Symbol: MNUFF | OTC Tier: Pink Current | Related ticker symbols: TSX: MFC
Manulife Financial Corporation and its subsidiaries offer financial products and services across Asia, Canada, the United States, and internationally, with operations divided into three segments: Wealth and Asset Management Businesses, providing investment advice and solutions to various clients through different distribution channels; Insurance and Annuity Products, offering deposit and credit products, as well as life insurance, long-term care insurance, and annuity products through multiple distribution channels; and Corporate and Other, which includes property and casualty reinsurance, run-off reinsurance operations, timberland and agricultural portfolios management, insurance agency, investment counseling and dealer services, property and casualty insurance, and mutual fund dealer businesses. The company was founded in 1887 and is headquartered in Toronto, Canada.
Manulife Financial Corporation has a long and storied history that dates back to its founding in 1887. The company was established in Toronto, Canada, under the name "The Manufacturers Life Insurance Company" by Sir John A. Macdonald, Canada's first Prime Minister, and other prominent businessmen and politicians of the time. The primary objective of Manulife's founders was to provide life insurance to Canadian families at a time when life insurance was not widely available in the country. They aimed to create a company that would serve the financial needs of individuals, families, and businesses, offering protection and financial security.
Throughout the years, Manulife expanded its operations beyond Canada, establishing a significant presence in other countries, including the United States and Asian markets. The company's international growth was marked by strategic acquisitions and partnerships, allowing it to become a globally recognized and respected financial services provider.Manulife evolved from being primarily a life insurance company to offering a diverse range of financial products and services, including wealth and asset management, retirement solutions, annuities, mutual funds, and more. It has continued to adapt to changing market conditions and customer needs, remaining at the forefront of the financial industry.