Manulife
Compare Manulife…Canadian-domiciled Asian-growth life insurer; large Hong Kong + Vietnam + Mainland China books; John Hancock US arm; ~$30B 2024 revenue.
SectorsInsurance
Register for a premium account to gain access to Sterling AI.
Get StartedThings you can ask Sterling:
ManulifeCanadian-domiciled Asian-growth life insurer; large Hong Kong + Vietnam + Mainland China books; John Hancock US arm; ~$30B 2024 revenue.
NBV = present value of future profits from new policies sold in the period. Asia is Manulife's growth engine — Hong Kong, Japan, Singapore, and emerging Asian markets (Vietnam, Indonesia, Philippines). 2020 was COVID-suppressed; 2024 rebound driven by Hong Kong reopening and Mainland Chinese Visitor (MCV) flows.
2020 — 2024
Source: Manulife Financial annual reports / quarterly NBV disclosures (Asia segment) (Updated: 2025-02)
Manulife's three geographic segments. Asia is the highest-margin growth segment (Hong Kong + Japan + emerging Asia). US is John Hancock — primarily life insurance, retirement/annuities (group), and the wealth/asset-management arm. Canada is the legacy domestic franchise — group benefits, P&C insurance partnerships.
2020 — 2024
Source: Manulife 10-K / Annual Report segment notes (core earnings, FY 2020-2024) (Updated: 2025-02)