Manulife Closes Milestone Reinsurance Transaction with Global Atlantic [Yahoo! Finance]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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Source: Yahoo! Finance
that it has successfully closed the previously announced transaction to reinsure four blocks of legacy/low ROE business with Global Atlantic. "An industry milestone, the transaction is the largest LTC reinsurance transaction ever, and our ability to transact with a leading reinsurance counterparty and its LTC reinsurance partner further validates the prudence of our LTC reserves and assumptions," said Manulife President and Chief Executive Officer Roy Gori As previously announced, Manulife has received TSX and OSFI approval to commence share buybacks on February 23, 2024 , to return unlocked capital from the transaction to its shareholders. For more information on the transaction, please see the news release slides and webcast from our December 11 th , 2023, announcement. About Manulife Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With our global headquarters in Toronto, Ca
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MFC
Earnings
- 8/7/24 - Beat
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Analyst Actions
- 9/5/24 - Barclays PLC
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Sec Filings
- 9/26/24 - Form 6-K
- 8/29/24 - Form 6-K
- 8/28/24 - Form N-PX
- MFC's page on the SEC website