John Hancock Financial is a subsidiary of Manulife Financial, one of the largest and strongest global insurance companies in the world. Manulife Financial’s strength comes from its diversity of operations, solid market positions and strong management. The leadership has management depth, expertise and a common vision to be the most professional life insurance company in the world. To learn more about Manulife. John Hancock Financial Services is a unit of Manulife Financial Corporation, a leading Canadian-based financial-services group serving millions of customers principally in Asia, Canada and the US. Manulife ranks as the 12th largest public life insurer in the world and the third-largest in North America based on market capitalization. (Source for rankings: Thomson Reuters John Hancock provides solutions for eight of consumers’ top 10 financial concerns, including the need to plan for retirement, the cost of healthcare/medical expenses, outliving savings and financial security after retirement. John Hancock can be found at www.johnhancock.com Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK.
Timeline of corporate name and structure changes
- April 21, 1862, the charter of the John Hancock Mutual Life Insurance Company was approved by John A. Andrew, governor of Massachusetts.
- John Hancock advertisements and newspaper articles from the 1930s refer to it as the “John Hancock Life Insurance Company”.
- 1940s source refer to it as the “John Hancock Mutual Life Insurance Company”.
- A July 2, 1998, Boston Herald story, John Hancock Mutual Life Insurance Co. chairman, is quoted: “We have always said quite clearly that we are not for sale,” [Stephen L.] Brown said, moving to kill speculation about possible deals with BankBoston or Fleet Financial Group. “There are simply no merger talks going on.”
- In 2000, led by David F. D’Alessandro, the company “demutualized”, meaning that “John Hancock Mutual Life Insurance Company” formally ceased to exist, and a new company named “John Hancock Financial Services, Inc.” came into existence. Policyholders received shares in the new company in exchange for giving up ownership in the old. Life insurance continued to be sold by an entity known as the “John Hancock Variable Life Insurance Company”, a subsidiary of John Hancock Financial Services Inc. On January 27, 2000, shares of Hancock stock started to trade on the New York Stock Exchange under the symbol JHF.
- On September 29, 2003, it was announced that Manulife Financial Corp. was acquiring John Hancock Financial Services, Inc. for $10.4 billion.
- On April 29, 2004, the existence of John Hancock Financial Services, Inc. as an independent company formally ended.
- During 2004, Manulife merged its original U.S. domiciled business units with the newly acquired company under the John Hancock name.
- Manulife continues to use the John Hancock brand name for the majority of its U.S. businesses.
Products And Services By John Hancock Insurance
Individual:
- Investments
- Wealth Management
- Group Retirement
- Group Benefits
- Wealth Management
- Small Business
- Banking
Contact John Hancock Insurance
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Headquarters
601 Congress St. Boston, MA 02210 United States
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Website
http://www.johnhancock.com
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