Manulife Financial Corporation (MFC) is a Canadian-based financial services firm with global operations. The company has deep roots in the insurance industry, but has been experiencing impressive growth in the Asian operations and the wealth management segment. The company is currently trading below its book value and pays a safe dividend that yields 5.4%, which provides the opportunity for attractive, long-term investment returns.
Segment growth and execution
MFC has delivered strong growth in recent years as it continues to gain market share in the insurance and the wealth and asset management ((WAM)) businesses. Digging into