Manulife - M&A Summary and Business Overview

Financial ServicesCompany

Manulife M&A Summary

Manulife has acquired 10 companies, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Manulife’s largest acquisition to date was in 2003, when it acquired John Hancock Financial Services for $10.3B. Manulife has acquired in 3 different US states, and 5 countries. The Company’s most targeted sectors include insurance (50%) and financial services (40%).

Manulife Business Overview

Where is Manulife headquartered?

Manulife is headquartered in Toronto, Ontario.

What is Manulife’s revenue?

Manulife disclosed revenue of 42,309M CAD for 2023 and 23,617M CAD for 2022.

How many employees does Manulife have?

Manulife has 38,000 employees.

What sector is Manulife in?

Manulife is a financial services company.

When was Manulife founded?

Manulife was founded in 1887.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity10
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 9
  • M&A Advisors 3

Manulife

Manulife Financial Corp.

200 Bloor Street East,
Toronto, Ontario M4W 1E5
Canada,
(416) 926-3000
www.manulife.com

Manulife is a financial services company with principal operations in Asia, Canada and the United States. Manulife was founded in 1887 and is based in Toronto, Ontario.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 9 - - 1 - - 10
vol $14.3B $14.3B
Sell (0.0/yr) # 1 - - - - - 1
  11

Most Recent M&A

Company Date Value Type
Midland Cogeneration Venture LP 2022-07-12 - Add-on Acquisition
Midland, Michigan
The Manufacturers Life Insurance Co. 2014-09-03 4.0B USD Divestiture
Toronto, Ontario
Benesure Canada Inc. 2013-01-04 - Add-on Acquisition
Kleinburg, Ontario · www.benesure.com
Wellington West Financial Services, Inc. 2012-08-29 - Divestiture
, British Columbia
Manulife Financial Life Retrocession Business 2011-07-18 - Divestiture
, United States
Optique Capital Management, Inc. 2011-02-11 - Add-on Acquisition
Milwaukee, Wisconsin · www.optiquecapital.com
Pottruff & Smith Travel Insurance Brokers Inc. 2009-10-15 - Add-on Acquisition
Woodbridge, Ontario
First Securities Investment Trust Co. Ltd. 2008-08-19 - Divestiture
Taipei, Taiwan
The Pramerica Life Insurance Co., Inc. 2006-05-15 - Divestiture
, Philippines
John Hancock Financial Services Inc. 2003-09-29 10.3B USD Add-on Acquisition
Boston, Massachusetts · www.johnhancock.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
John Hancock Financial Services Inc. 2003-09-29 Duke Energy Renewables LLC 2019-04-24 4
Boston, Massachusetts · www.johnhancock.com , Kansas
The Manufacturers Life Insurance Co. 2014-09-03 Standard Life Financial, Inc. 2015-02-02 1
Toronto, Ontario Montréal, Quebec · www.standardlife.ca
John Hancock Financial Services Inc. 2003-09-29 Symetra Investment Services, Inc 2013-10-01 3
Boston, Massachusetts · www.johnhancock.com Bellevue,, Washington
John Hancock Financial Services Inc. 2003-09-29 Signator Financial Services, Inc. 2013-10-01 2
Boston, Massachusetts · www.johnhancock.com Bellevue, Washington · www.signatorfinancialservices.com
John Hancock Financial Services Inc. 2003-09-29 Utilimaster Corp. 2009-11-30 1
Boston, Massachusetts · www.johnhancock.com Bristol, Indiana · www.utilimaster.com
The Manufacturers Life Insurance Co.    - Primerica Life Insurance Co., Inc. 2006-08-31 1
Toronto, Ontario Duluth,, Georgia

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 5 (50%) 4.0B (28%) 1 (100%) -
Financial Services 4 (40%) 10.3B (72%) - -
Utilities 1 (10%) - - -
Total 10 $14.3B 1 -

By Geo

State/Country Buy Value Sell Value
Canada 4 4.0B - -
  Ontario 3 4.0B - -
  British Columbia 1 - - -
United States 3 10.3B 1 -
  Wisconsin 1 - - -
  Michigan 1 - - -
  Massachusetts 1 10.3B - -
China 1 - - -
Philippines 1 - - -
Taiwan 1 - - -
Domestic 4 (40%) 4.0B (28%) - -
Cross-border 6 (60%) 10.3B (72%) 1 (100%) -
Total 10 $14.3B 1 -

Top M&A Advisors

Financial Deals
Morgan Stanley
1
Legal Deals
Osler
1
Torys
1

Deal Values

buy # Total
> $1B 2 $14.3B
TOTAL $14.3B
Largest John Hancock Financial Services Inc.
$10.3B (2003-09-29)

M&A Connections

Deals
Acquired from
Investor(s)
20%
2 (20%)
Strategic(s)
50%
5 (50%)
Divested to
Strategic(s)
100%
1 (100%)

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