Manulife Financial Corporation · TSX:MFC

Manulife Financial — Shareholder Meeting (May 2010)

69 slides from Manulife Financial's shareholder meeting presentation, May 6, 2010

  1. Slide 1: Annual and Special Meeting, May 6, 2010

    Manulife Financial Corporation The Manufacturers Life Insurance Company Annual and Special Meeting May 6, 2010

  2. Slide 2: Opening Remarks

    Opening Remarks Gail Cook-Bennett Chair, Board of Directors Manulife Financial Corporation The Manufacturers Life Insurance Company

  3. Slide 3: Platform Introductions

    Platform Introductions  Michael Bell, Senior Executive Vice President and Chief Financial Officer  Donald Guloien, President and Chief Executive Officer  J-P. Bisnaire, Senior Executive Vice President, Business Development and General Counsel  Angela Shaffer, Vice President and Corporate Secreta

  4. Slide 4: The Stars of Excellence

    The Stars of Excellence This year’s honourees come from 12 countries and territories:  China  Singapore  Germany  Taiwan  Hong Kong  The Philippines  Indonesia  Vietnam  Japan  The United States of America  Malaysia  Canada

  5. Slide 5: Retiring Board Member

    Retiring Board Member Lino J. Celeste Director Since: 1994 Manulife Financial Corporation The Manufacturers Life Insurance Company

  6. Slide 6: Calling the Meeting to Order

    Calling the Meeting to Order Manulife Financial Corporation The Manufacturers Life Insurance Company

  7. Slide 7: Legal Disclaimer

    Legal Disclaimer Caution Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the “safe harbour” provisions of Canadian provincial securities laws and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statemen

  8. Slide 8: Notice of Meeting and Confirmation of Quorum

    Notice of Meeting and Confirmation of Quorum Manulife Financial Corporation The Manufacturers Life Insurance Company

  9. Slide 9: Election of Directors

    Election of Directors Manulife Financial Corporation The Manufacturers Life Insurance Company

  10. Slide 10: Election of Directors of Manulife Financial Corporation

    Election of Directors of Manulife Financial Corporation Manulife Financial Corporation

  11. Slide 11: Nominees for the Election of Directors of Manulife Financial Corporation

    Nominees for the Election of Directors of Manulife Financial Corporation  Linda Bammann  Scott Hand  John Cassaday  Robert Harding  Gail Cook-Bennett  Luther Helms  Thomas d’Aquino  Thomas Kierans  Richard DeWolfe  Lorna Marsden  Robert Dineen  John Palmer  Pierre Ducros  Hugh Sloan 

  12. Slide 12: Election of Directors of The Manufacturers Life Insurance Company

    Election of Directors of The Manufacturer Life Insurance Company The Manufacturers Life Insurance Company

  13. Slide 13: Nominees for Election of Policyholders' Directors

    Nominees for Election of Policyholders’ Directors of The Manufacturers Life Insurance Company  John Cassaday  Thomas d’Aquino  Richard DeWolfe  Thomas Kierans  Hugh Sloan  Gordon Thiessen

  14. Slide 14: Election of the Shareholder's Directors

    Election of the Shareholder’s Directors of The Manufacturers Life Insurance Company  Linda Bammann  Robert Dineen  Pierre Ducros  Donald Guloien  Scott Hand  Robert Harding  Luther Helms  Lorna Marsden  John Palmer  Gail Cook-Bennett

  15. Slide 15: Appointment of Auditors Ernst & Young LLP

    Appointment of Auditors Ernst & Young LLP, Chartered Accountants Manulife Financial Corporation The Manufacturers Life Insurance Company

  16. Slide 16: Confirmation of Amendments to By-Law No. 1 on Board Remuneration

    Confirmation of Amendments to By-Law No. 1 Increasing the Aggregate Annual Remuneration Payable to the Board of Directors Manulife Financial Corporation The Manufacturers Life Insurance Company

  17. Slide 17: Advisory Resolution on Approach to Executive Compensation

    Approval by Shareholders of Manulife Financial Corporation of Advisory Resolution to Accept Approach to Executive Compensation Manulife Financial Corporation

  18. Slide 18: Tabling of 2009 Consolidated Financial Statements

    Tabling of 2009 Consolidated Financial Statements and Reports of the Auditor and Actuary Thereon Manulife Financial Corporation The Manufacturers Life Insurance Company

  19. Slide 19: Annual and Special Meeting, May 6, 2010

    Manulife Financial Corporation The Manufacturers Life Insurance Company Annual and Special Meeting May 6, 2010

  20. Slide 20: Presentation by the Chief Financial Officer

    Presentation by the Chief Financial Officer Manulife Financial Corporation The Manufacturers Life Insurance Company

  21. Slide 21: Michael W. Bell

    Michael W. Bell Senior Executive Vice President and Chief Financial Officer

  22. Slide 22: Overview

    Overview  Financial Results  2009  Q1 2010  Competitive Advantages

  23. Slide 23: 2009 Highlights

    2009 Highlights  Delivered Higher Earnings  Achieved Strong Capital Levels  Reduced Risk  Rebalanced Business Mix  Maintained Top Quartile Financial Strength Ratings 23

  24. Slide 24: 2009 Shareholder Earnings

    2009 Shareholder Earnings C$ billions $1.4B Net income of $1.4 billion $0.5B 2008 2009 24

  25. Slide 25: Achieved Strong Capital

    Achieved Strong Capital MLI MCCSR * REGULATORY TARGET: 150% 100 MLI refers to The Manufacturers Life Insurance Company MCCSR – Minimum Continuing Capital and Surplus Requirements • Post U.S. legal entity reorganization 25

  26. Slide 26: Reduced Risk

    Reduced Risk Net amount at risk (i.e. amount “in the money”) 70% to $8.1B  Product changes C$ billions $28.3B  Hedging strategies 20% 35% 51% Dec 31 Dec 31 Mar 31 2008 2009 2010 $8.1B Percentage of guarantee value hedged or reinsured Mar 31 Mar 31 2009 2010

  27. Slide 27: Rebalanced Business Mix

    Rebalanced Business Mix  Strong sales in Asia  Increased relative focus on insurance and wealth products excluding variable annuities Insurance Wealth Variable (excl VA) Annuities

  28. Slide 28: Financial Strength

    Financial Strength  Top quartile financial strength  AA+ rating from Standard & Poors

  29. Slide 29: Solid Investment Portfolio

    Solid Investment Portfolio Average of 5 Largest Manulife Financial US Public Life Cos* Fixed Income Gross Unrealized Losses as 48% a % of Regulatory Surplus Remainder of Gross Unrealized Losses Portion of Gross Unrealized Losses 29% > 20% for 6 Months or More 9% 4% Average of 5 Largest US Public Lif

  30. Slide 30: Q1 2010 Results

    Q1 2010 Results  Net earnings of $1.14 billion  Return on Equity of 16.8%

  31. Slide 31: Q1 Sales

    Q1 Sales1 Wealth Variable Insurance (excl VA) Annuities 20% 21% 39% 1 Constant Currency

  32. Slide 32: Continued Financial Strength

    Continued Financial Strength 1Q10 MCCSR of 250% 250  Investment credit performance 1Q10 MCCSR – Minimum Continuing Capital and Surplus Requirements

  33. Slide 33: 2009 Summary

    2009 Summary  Delivered Higher Earnings  Strengthened Capital  Improved Risk Profile  Rebalanced Business Mix  Maintained Top Quartile Ratings

  34. Slide 34: Competitive Advantage

    Competitive Advantage M™ Manulife Financial fro Peneoch, M Manulife Financial M Manulife Financial For your future

  35. Slide 35: Financial Strength

    Financial Strength  Growth Opportunities  Financial Strength Ratings  International Scale / Diversification

  36. Slide 36: Talent – a Competitive Advantage

    Talent – a Competitive Advantage STARs of Excellence

  37. Slide 37: M7 Manulife Financial

    M7 Manulife Financial | For your future

  38. Slide 38: Annual and Special Meeting, May 6, 2010

    Manulife Financial Corporation The Manufacturers Life Insurance Company Annual and Special Meeting May 6, 2010

  39. Slide 39: Presentation by the President and Chief Executive Officer

    Presentation by the President and Chief Executive Officer Manulife Financial Corporation The Manufacturers Life Insurance Company

  40. Slide 40: Donald A. Guloien

    Donald A. Guloien President and Chief Executive Officer

  41. Slide 41: Overview

    Overview  2009 Objectives  2010 Priorities  Senior Executive Changes  Global Regulatory Reform 41

  42. Slide 42: 2009 Priorities

    2009 Priorities  Strengthen Capital Levels  Reduce Risk  Rebalance Business Mix

  43. Slide 43: Rebalance Business Mix

    Rebalance Business Mix  Insurance Sales up 20% Worldwide  US Retirement Sales up 66%  Mutual Fund Sales:  More than doubled in the US  Almost four-fold increase in Canada  MFC Global now manages $115 Billion for third party clients 43

  44. Slide 44: 2010 Priorities

    2010 Priorities 1. Growth 2. Maintaining Strong Capital & Financial Strength 3. Improving ROE 4. Managing Risk 5. Continuing to Offer a Quality Value Proposition for Our Clients

  45. Slide 45: Growth

    Growth M Manulife Financial For your future

  46. Slide 46: Maintaining Strong Capital / Financial Strength: Our Vision

    Maintaining Strong Capital / Financial Strength Our Vision To be the most professional financial services organization in the world, providing strong, reliable, trustworthy and forward-thinking solutions for our clients’ most significant financial decisions

  47. Slide 47: We help people with their BIG financial decisions

    We help people with their BIG financial decisions.

  48. Slide 48: Improving ROE

    Improving ROE  For premium products charge premium price  Disciplined in our use of capital

  49. Slide 49: Managing Risk

    Managing Risk M Manulife Financial For your future

  50. Slide 50: Quality Value Proposition for Clients

    Quality Value Proposition for Clients “. . . providing strong, reliable, trustworthy and forward-thinking solutions for our clients’ most significant financial decisions.” 50

  51. Slide 51: Quality Value Proposition: Lending Assets

    Quality Value Proposition for Clients $16 Billion in High Quality Assets 44% CAGR (lending assets) since 2000

  52. Slide 52: Quality Value Proposition: MPF Provider

    Quality Value Proposition for Clients 2nd Largest MPF Mandatory Provident Fund Provider 32% CAGR (FUM) since inception

  53. Slide 53: Quality Value Proposition: External Client FUM

    Quality Value Proposition for Clients $115 Billion in External Client FUM 30% CAGR (FUM) since 2001

  54. Slide 54: Senior Executive Changes

    Senior Executive Changes  John DesPrez  Simon Curtis  Cindy Forbes  Diane Bean  Stephani Kingsmill

  55. Slide 55: Global Regulatory Reform

    Global Regulatory Reform Why should the most successful and prudent institutions in the world be penalized by the failures and excesses of others?

  56. Slide 56: Speech from the Throne

    Speech from the Throne …make Canada an even stronger world financial centre. … continue to push for stronger financial market regulation, modeled after Canada’s world-leading practices.

  57. Slide 57: Life Insurance Industry's Value to Canada

    Life Insurance Industry’s Value to Canada Canada’s Insurance Industry:  Provide products & services 26 million Canadians  Pay out $58 billion in benefits a year  Provide $3.3 trillion in life insurance coverage  Employ over 130,000 Canadians

  58. Slide 58: Life Insurance Industry Investments in Canada

    Life Insurance Industry Investments in Canada  Invests over $400 billion into the economy  Purchases two-thirds of corporate bonds and more than one-third of commercial mortgage loans  Provides huge support to small, medium, and large businesses

  59. Slide 59: Manulife's Long Term Investments in Canada

    Manulife’s Long Term Investments in Canada Include: Hospitals Roads Agriculture Schools Renewable Energy

  60. Slide 60: Prime Minister Stephen Harper on regulation

    Canada will not go down the path of excessive, arbitrary or punitive regulation of its financial sector. Prime Minister Stephen Harper

  61. Slide 61: Conclusion

    Conclusion M7 Manulife Financial | For your future

  62. Slide 62: Annual and Special Meeting, May 6, 2010

    Manulife Financial Corporation The Manufacturers Life Insurance Company Annual and Special Meeting May 6, 2010

  63. Slide 63: Voting Results

    Voting Results Manulife Financial Corporation The Manufacturers Life Insurance Company

  64. Slide 64: Termination of Meeting

    Termination of Meeting Manulife Financial Corporation The Manufacturers Life Insurance Company

  65. Slide 65: Question & Answer Period

    Question & Answer Period Manulife Financial Corporation The Manufacturers Life Insurance Company

  66. Slide 66: Annual and Special Meeting, May 6, 2010

    Manulife Financial Corporation The Manufacturers Life Insurance Company Annual and Special Meeting May 6, 2010

  67. Slide 67: Annual and Special Meeting, May 6, 2010

    Manulife Financial Corporation The Manufacturers Life Insurance Company Annual and Special Meeting May 6, 2010

  68. Slide 68: Annual and Special Meeting, May 6, 2010

    Manulife Financial Corporation The Manufacturers Life Insurance Company Annual and Special Meeting May 6, 2010

  69. Slide 69: Annual and Special Meeting, May 6, 2010

    Manulife Financial Corporation The Manufacturers Life Insurance Company Annual and Special Meeting May 6, 2010

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