Overview

Incorporated on June 23, 1887, Manulife Financial (The Manufacturers Life Insurance Company and its subsidiaries) have operated in Canada for over 118 years and have carried on business internationally for over 108 years. Manulife Financial's first Chairman was Sir John A. MacDonald, the first Prime Minister of Canada.

Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide.

Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$426 billion (US$370 billion) as at March 31, 2007.

Manulife Financial Corporation trades as "MFC" on the TSX, NYSE and PSE, and under '0945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

Financial Strength
On November, 2006, Standard & Poor’s Ratings Services -the world's foremost provider of financial market intelligence, raised the financial strength ratings on Manulife Financial’s rated insurance subsidiaries to 'AAA' from 'AA+.' This upgrade makes Manulife one of only two publicly traded life insurance companies with 'AAA' rated insurance subsidiaries, the highest level among 21 rating categories at Standard & Poor’s.

The highly-coveted 'AAA' rating by Standard & Poor's is a recognition of Manulife Financial's financial and operational strength and further reflects its position as a global leader in the life insurance industry.

The upgrade reflects the group's leading and highly diverse business positions in Canada, the U.S., Hong Kong, Vietnam and other locations within the Pacific Rim. It also reflects its high quality and consistent operating performance, very strong and highly diverse investment portfolio, extremely strong capital adequacy, and excellent enterprise risk management framework.

According to Standard & Poor's, the upgrade is also a reflection of the firm potential development of the leading Canada-based financial services group, which is believed to have full capacity to maintain its leading position in terms of operational efficiency, business network and capital potential.

David Wong, General Director of Manulife Vietnam, said he was delighted with the latest upgrade. "This top-of-the-class rating from such an established ratings agency underlines not only our financial strength - which should be a source of great comfort to our customers - but also the operational skills and outstanding service standards that have led to it," he said.

Manulife Financial Corporation reported its tenth consecutive year of record earning, with Q.1' 2007 shareholders' net income of Cdn$986 million, up 4% over the same period last year, reflecting core business growth in all operations and continued improvement in unit expenses.

Global scale
In the world, Manulife Financial is the sixth largest life insurance company with a market capitalization of approximately Cdn$61.1 billion (US$53billion) at March 31, 2007.

In Canada, Manulife Financial is the largest life insurance company based on assets and the second largest based on total premium. It is also the first life insurance in Canada to exceed Cdn$1 billion in net income.

In the United States, Manulife Financial is a leading in the high net worth individual and business insurance market. It is also among the leading providers of Group Pension Products.

In Asia, Manulife obtained total premiums and deposits of $2.3 billion, an increase of 26% over last year. Total funds under Manulife management were Cdn$7,2billion, an increase of 21% over the same period last year.

In Hong Kong, Manulife Financial is a leading provider of individual insurance based on new and in force premium market share. It is the second largest in the retirement scheme market. In March 2005, Manulife in Hong Kong was the recipient of the "Model Trustworthy Company of the Year" award. Manulife in Hong Kong also won the "Gold SuperBrand Award" in the Hong Kong life-insurance category from Reader's Digest in recognition of its commitment to providing superior value and excellent service for its customers.