Manulife - insurance company US

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Manulife or Manulife Financial is a Canadian insurance company and financial services provider, with its corporate headquarters in Toronto, Ontario, Canada. The company operates in Canada and Asia as "Manulife" and in the United States primarily through its John Hancock division.^[3] As of December 2015, the company employed approximately 34,000 people and had 63,000 agents under contract, and has $935 billion CAD in assets under management and administration

Private stock company

The firm was founded as The Manufacturers Life Insurance Company in 1887. Its first president was Sir John A. Macdonald, the first Prime Minister of Canada. The company sold its first policy outside of Canada in Bermudain 1893. In 1894, policies were sold in Grenada, Jamaica and Barbados; Trinidad and Tobago, and Haiti in 1895; and British Honduras, British Guiana, China and Hong Kong in 1897.

In 1901, Manulife amalgamated with the Temperance and General Life Assurance Company, a Toronto-based Canadian life insurer that provided preferred rates to abstainers of alcohol. Manulife continued to offer abstainers rates into the 1920s.

In 1931, it opened its first southern China branch in British Hong Kong. Shortly thereafter, it established itself as a leading life insurer in the region with branches in Macau, Swatow and Amoy.

Mutual company

In 1958, shareholders voted to change its legal form from a joint stock company to a mutual organization, making the company privately owned by its policyholders. In 1984, Manulife announced that it had acquired Waterloo, Ontario-based Dominion Life Assurance Company: a deal that included the purchase of all of the outstanding stock of the company from Lincoln National. Dominion Life was founded in Waterloo in 1889, and Manulife made a commitment to the community to retain a significant presence in Waterloo. In 1988, Manulife opened a new five-storey office building at 500 King St. North in Waterloo to house its Canadian Division

In 1996, the company entered an agreement with Sinochem to form Shanghai-based Zhong Hong Life Insurance Co. Ltd., China’s first joint venture life insurance company, and was granted a license that made it the second foreign insurer to be allowed re-entry into China.

Manulife

Manulife headquarters on Bloor Street of Toronto.
Type	Public
Industry	Financial Services (Insurance)
Founded	1887
Headquarters	Toronto, Ontario, Canada
Key people	Donald Guloien, President and Chief Executive Officer Richard DeWolfe, Chairman of the Board of Directors
Revenue	$34,430 million CAD (2015)[1]
Net income	$2,191 million CAD (2015)[1]
AUM	$935,176 million CAD (2015)[1]
Total assets	$704,643 million CAD (2015)[1]
Total equity	$41,938 million CAD (2015)[1]
Number of employees	34,000 employees and 63,000 agents (2015)[2]
Website	http://www.manulife.com/