John Hancock Financial Services announced that it has completed the realignment of legal entities, effective December 31. The realignment involved merging John Hancock Life Insurance Co and John Hancock Variable Life Insurance Co into John Hancock Life Insurance Company, U.S.A. The realignment reduced the number of John Hancock's primary operating life insurers from five to three.
The company noted that John Hancock Life Insurance Company, U.S.A., has close to $200 billion in assets.
John Hancock's realignment also involved the December 31 merger of several holding company legal entities. John Hancock Financial Services Inc. was merged into The Manufacturers Investment Corp., and Manulife Holdings, Delaware, LLC was merged into John Hancock Holdings, Delaware, LLC.
Manulife Financial Corp. (MFC,MFC.TO) operates as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.