Manulife Financial Corporation · TSX:MFC
Manulife Financial — Merger or Acquisition (December 2014)
10 slides from Manulife Financial's merger presentation, Dec 23, 2014
Slide 1: John Hancock to acquire New York Life's Retirement Plan Services business
John Hancock to acquire New York Life’s Retirement Plan Services business December 23, 2014 We operate as John Hancock in the United States, and Manulife in other parts of the world.
Slide 2: Caution regarding forward-looking statements
Caution regarding forward-looking statements This presentation contains forward-looking statements which are made pursuant to the “safe harbour” provisions of Canadian provincial securities laws and the U.S. Private Securities Litigation Reform Act of 1995. The forward-looking statements in this pre
Slide 3: John Hancock to acquire New York Life's Retirement Plan Services
John Hancock to acquire New York Life’s Retirement Plan Services John Hancock to acquire New York Life’s Retirement Plan Services business, subject to customary closing conditions and regulatory approvals Accelerates Manulife’s growth strategy for wealth and asset management businesses around th
Slide 4: Significantly increases Manulife's retirement plan businesses
Significantly increases Manulife’s retirement plan businesses Retirement Plans New York Life transaction Assets under Administration Standard Life transaction (C$ billions) Manulife (pre-transactions) +58% Approx. Manulife is a major player in the pensions 197 business in Canada, the U.S., Hong Ko
Slide 5: Transaction enhances John Hancock RPS' operational and distribution capabilities
Transaction enhances John Hancock RPS’ operational and distribution capabilities Highly complementary acquisition accelerates our expansion into the mid case and large case segments Builds on our leading position in the small case segment Enhances operational leverage through additional scale
Slide 6: Complimentary businesses creates balanced RPS portfolio
Complimentary businesses creates balanced RPS portfolio Pro-forma 5% Defined Contribution Plans1 20% 16% < US$10 million US$10 - 200 million 48% > US$200 million 45% 55% 28% 80% Total AUA US$ 85 billion US$ 50 billion US$ 135 billion Defined Contribution AUA1 US$ 81 billion US$ 42 billion US$ 123 bi
Slide 7: Positions John Hancock as one of the major Defined Contribution plan providers in the U.S.
Positions John Hancock as one of the major Defined Contribution plan providers in the U.S. Defined Contribution Assets1 (US$ billions) Fidelity 1,335 TIAA-CREF 408 GWL (Pro-Forma) 391 Aon Hewitt 361 Vanguard 358 ING 340 Prudential 235 Wells Fargo 199 Principal Financial 162 T. Rowe Price 147 Xerox 1
Slide 8: Manulife to reinsure 60% of certain John Hancock life insurance policies to New York Life
Manulife to reinsure 60% of certain John Hancock life insurance policies to New York Life New York Life to assume, by way of reinsurance, 60% of John Hancock’s in- force participating life insurance closed block 1.3 million policies, $10 billion in statutory reserves1 Business was written prio
Slide 9: Transaction summary
Transaction summary Purchase price Not disclosed John Hancock to acquire New York Life’s Retirement Plan Services business, including Defined Contribution and Defined Benefit record-keeping services Transaction Scope US$50 billion in AUA, 10,600 retirement plans, 800,000 plan participants Ne
Slide 10: Thank you
Thank you Investor Relations contacts Steven Moore, MBA, FCSI, CGA, CFA, CFP Robert Veloso, MBA, CFA Daniel Kenigsberg, MBA, CFA Senior Vice President and Treasurer Vice President, Investor Relations Assistant Vice President, Investor Relations steven_moore@manulife.com robert_veloso@manulife.com da
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