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    MFC   CA56501R1064

MANULIFE FINANCIAL CORPORATION

(MFC)
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Manulife Financial : Recognized as one of Canada's Most Admired Corporate Cultures, Inducted into Waterstone Human Capital Hall of Fame

11/25/2021 | 11:40am EST

November 25, 2021

TORONTO - Manulife has been recognized as having one of Canada's Most Admired Corporate Cultures. Manulife received the acknowledgement from Waterstone Human Capital, which identifies best-in-class Canadian organizations with cultures that help their organizations enhance performance and sustain a competitive advantage. This year's recognition is the fourth time the company has received the acknowledgement from Waterstone Human Capital, placing Manulife in the Canada's Most Admired Corporate Cultures™ Hall of Fame among only 10 other companies.

"I'm proud of the achievements our team has made. This is a recognition of how committed each of our colleagues are to building an inclusive, high-performing culture that drives how we support our customers," says Kathryn Kitchen, Head of Human Resources at Manulife in Canada. "Together we're creating an environment where everyone feels supported, included and energized about the future, and where we each work to help bring our incredible Manulife culture to life."

Fifty winners are chosen annually across five categories. Submissions are scored based a company's vision and leadership, recruitment and hiring for fit, people development and talent management, cultural alignment and measurement, organizational performance and corporate social responsibility.

"At Waterstone we believe corporate culture drives performance and that it's your organization's greatest asset," says Marty Parker, President and Chief Executive Officer of Waterstone Human Capital and Chair of the Canada's Most Admired™ program. "Each of the 2021 award recipients puts culture at the centre of everything they do, and demonstrates a commitment to culture as competitive advantage. They set an excellent example of how crafting and sustaining a high-performance culture can drive incredible growth and performance."

About Manulife

Manulife Financial Corporation is a leading international financial services provider that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we provide financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Through Manulife Investment Management, the global brand for our global wealth and asset management segment, we serve individuals, institutions and retirement plan members worldwide. At the end of 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers. As of September 30, 2021, we had CAD$1.4 trillion (US$1.1 trillion) in assets under management and administration, and in the previous 12 months we made CAD$31.6 billion in payments to our customers.

Our principal operations are in Asia and Canada, and the United States, where we have served customers for more than 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com


Media Contact

Cheryl Holmes
Manulife
(416) 557-0945
Cheryl_Holmes@manulife.com

Disclaimer

Manulife Financial Corporation published this content on 25 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 16:39:07 UTC.


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Sales 2021 57 762 M 46 134 M 46 134 M
Net income 2021 6 465 M 5 164 M 5 164 M
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P/E ratio 2021 7,72x
Yield 2021 4,40%
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Mean consensus OUTPERFORM
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Last Close Price 25,98 CAD
Average target price 30,69 CAD
Spread / Average Target 18,1%
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Roy Gori President, CEO & Non-Independent Director
Philip Witherington Chief Financial Officer
John M. Cassaday Chairman
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Rahul M. Joshi Chief Operations Officer
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