Rigonan, Alicia Marie M.

AT 402

January 28, 2015

POL STRA W, 6:00-9:00PM

Manulife are delivering on ambitious, but achievable, financial objectives.

Improvement Areas

Business Objectives
Pursuing sustainable growth by executing on
our four core growth strategies by:
o Developing our Asian opportunity to
the fullest by 20% from 2014 to 2016.
o Growing our wealth and asset
management businesses around the
world by 10% in the next 3 quarters.

1. Growth
o Building on our balanced Canadian
business by 5% of the next two years.
o Continuing to drive sustainable
earnings and opportunistic growth in
the U.S by 13% in next 6 months.

o Manulife sees an extremely good

2. Productivity

opportunity and plans to grow by

offering new products to fit the needs
of the changing customer base. They
hope that Asia will be 24.45% of total

revenue by the end of 2015 (currently

19.8%)
o Manulife plan to increase revenues,
and more importantly net income, by
offering new and innovative products
that will capture more market share,
increasing fees to customers, and
realizing the gains associated with a
3.

Profitability

higher 10 year Treasury bill rate. Its

Net Income Goal by 2015: $1.7
billion (124%)
o Our goal is net pre-tax run-rate savings
of $400 million by 13% in 2016.
o Management wants to and foresees
shareholders equity of $31.7 billion by

4. Shareholders Wealth

2015. This will result in a 3.36% year

over year growth and it will be carried
out until 2018.

5. Reputation

o Targeting financial leverage ratio of

approximately 28% at close in 2016 in
order to move up or to be the best
Insurance services.

References: https://www.manulife.com/public/files/202/1/MFC_1Q14_AGM_Slides.pdf
https://www.uoinvestmentgroup.org/MFC-update.pdf