Manulife Financial Management

Management criteria checks 3/4

Manulife Financial's CEO is Roy Gori, appointed in Jun 2017, has a tenure of 7.42 years. total yearly compensation is CA$19.38M, comprised of 8.9% salary and 91.1% bonuses, including company stock and options. directly owns 0.038% of the company’s shares, worth ₱1.28B. The average tenure of the management team and the board of directors is 3.9 years and 4.8 years respectively.

Key information

Roy Gori

Chief executive officer

CA$19.4m

Total compensation

CEO salary percentage	8.9%
CEO tenure	7.4yrs
CEO ownership	0.04%
Management average tenure	3.9yrs
Board average tenure	4.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Roy Gori's remuneration changed compared to Manulife Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	CA$5b
Jun 30 2024	n/a	n/a	CA$4b
Mar 31 2024	n/a	n/a	CA$4b
Dec 31 2023	CA$19m	CA$2m	CA$5b
Sep 30 2023	n/a	n/a	CA$4b
Jun 30 2023	n/a	n/a	CA$4b
Mar 31 2023	n/a	n/a	CA$483m
Dec 31 2022	CA$17m	CA$2m	-CA$2b
Sep 30 2022	n/a	n/a	-CA$998m
Jun 30 2022	n/a	n/a	CA$117m
Mar 31 2022	n/a	n/a	CA$5b
Dec 31 2021	CA$17m	CA$2m	CA$7b
Sep 30 2021	n/a	n/a	CA$7b
Jun 30 2021	n/a	n/a	CA$7b
Mar 31 2021	n/a	n/a	CA$5b
Dec 31 2020	CA$15m	CA$2m	CA$6b
Sep 30 2020	n/a	n/a	CA$5b
Jun 30 2020	n/a	n/a	CA$4b
Mar 31 2020	n/a	n/a	CA$5b
Dec 31 2019	CA$15m	CA$1m	CA$5b
Sep 30 2019	n/a	n/a	CA$5b
Jun 30 2019	n/a	n/a	CA$6b
Mar 31 2019	n/a	n/a	CA$5b
Dec 31 2018	CA$13m	CA$1m	CA$5b
Sep 30 2018	n/a	n/a	CA$2b
Jun 30 2018	n/a	n/a	CA$2b
Mar 31 2018	n/a	n/a	CA$2b
Dec 31 2017	CA$13m	CA$1m	CA$2b

Compensation vs Market: Roy's total compensation ($USD13.87M) is above average for companies of similar size in the PH market ($USD847.30K).

Compensation vs Earnings: Roy's compensation has been consistent with company performance over the past year.

CEO

Roy Gori (54 yo)

7.4yrs

Tenure

CA$19,382,615

Compensation

Mr. Roy Gori served as President and Chief Executive Officer of Manulife Financial Asia Limited until July 1, 2023. He has been the President and Chief Executive Officer of Manufacturers Life Insurance Com...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Roy Gori	President	7.4yrs	CA$19.38m	0.038% ₱ 1.3b
Colin Simpson	Chief Financial Officer	1.3yrs	CA$4.52m	0.00034% ₱ 11.4m
Marc Costantini	Global Head of Strategy and Inforce Management	2.4yrs	CA$6.01m	0.0015% ₱ 51.6m
Paul Lorentz	President and CEO of Global Wealth & Asset Management	no data	CA$7.20m	0.0033% ₱ 111.3m
Philip Witherington	President & CEO of Manulife Asia	1.3yrs	CA$7.80m	0.0065% ₱ 217.6m
Rahul Joshi	Chief Operations Officer	5.4yrs	CA$6.69m	0.0025% ₱ 84.2m
Trevor Kreel	Chief Investment Officer	less than a year	no data	0.0015% ₱ 51.6m
Lynda Sullivan	Executive VP & Chief Accounting Officer	no data	no data	no data
Shamus Edward Weiland	Global Chief Information Officer	5.6yrs	no data	0.0021% ₱ 71.4m
James Gallagher	General Counsel	8.1yrs	no data	0.0011% ₱ 37.9m
Anne Hammer	Global Chief Communications Officer	no data	no data	no data
Karen Leggett	Chief Marketing Officer	no data	no data	0.00098% ₱ 32.9m

3.9yrs

Average Tenure

Experienced Management: MFC's management team is considered experienced (3.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Roy Gori	President	7.1yrs	CA$19.38m	0.038% ₱ 1.3b
Claude Prieur	Independent Corporate Director	11.8yrs	CA$361.10k	0.011% ₱ 382.9m
Nicole Arnaboldi	Independent Corporate Director	4.4yrs	CA$354.17k	0.00037% ₱ 12.4m
Donald Lindsay	Independent Chairman of the Board	14.3yrs	CA$550.21k	0.0069% ₱ 229.7m
J. Durland	Independent Director	less than a year	no data	no data
Damien Allen Green	Chairman of the Board - Manulife Asia	1.3yrs	no data	no data
Susan Dabarno	Independent Corporate Director	11.7yrs	CA$307.60k	0.0026% ₱ 86.5m
Siew Boi Tan	Independent Corporate Director	2.9yrs	CA$307.60k	no data
Julie Dickson	Independent Corporate Director	5.3yrs	CA$307.60k	no data
Leagh Turner	Independent Corporate Director	4yrs	CA$307.60k	no data
Mahawa Touray	Independent Corporate Director	2.8yrs	CA$307.60k	no data
Guy Bainbridge	Independent Corporate Director	5.3yrs	CA$361.10k	no data

4.8yrs

Average Tenure

63.5yo

Average Age

Experienced Board: MFC's board of directors are considered experienced (4.8 years average tenure).

Manulife Financial Management

Management criteria checks 3/4

Key information

Recent management updates

Manulife Financial Corporation Board Announces Executive Changes

Insider recently sold ₱9.7m worth of stock

John Hancock Names Hector Martinez as Head of Insurance

Chairman of the Board - Manulife Asia recently sold ₱34m worth of stock

Manulife Financial Corporation Announces Board Changes

Chairman of the Board - Manulife Asia recently sold ₱54m worth of stock

Recent updates

Manulife Financial Corporation Board Announces Executive Changes

Investor sentiment improves as stock rises 17%

Manulife Financial Corporation to Report Q4, 2024 Results on Feb 19, 2025

Third quarter dividend of CA$0.40 announced

Third quarter 2024 earnings released: EPS: CA$1.01 (vs CA$0.53 in 3Q 2023)

Manulife Financial Corporation Announces Quarterly Dividend, Payable on and After December 19, 2024

Manulife Leads the Charge in Generative Ai Innovations: Enhancing Productivity and Elevating Customer Experience

Insider recently sold ₱9.7m worth of stock

Investor sentiment improves as stock rises 15%

Second quarter 2024 earnings released: EPS: CA$0.53 (vs CA$0.50 in 2Q 2023)

Manulife Financial Corporation Announces Second Quarter Dividend for the Financial Year End 31 December 2024, Payable on September 19, 2024

John Hancock Names Hector Martinez as Head of Insurance

Investor sentiment improves as stock rises 28%

Chairman of the Board - Manulife Asia recently sold ₱34m worth of stock

Manulife Financial Corporation to Report Q3, 2024 Results on Nov 06, 2024

First quarter dividend of CA$0.40 announced

Manulife Financial Corporation Announces Board Changes

First quarter 2024 earnings released: EPS: CA$0.45 (vs CA$0.73 in 1Q 2023)

Chairman of the Board - Manulife Asia recently sold ₱54m worth of stock

Manulife Financial Corporation to Report Q2, 2024 Results on Aug 07, 2024

Upcoming dividend of CA$0.40 per share

Manulife Financial Corporation Declares Quarterly Dividend, Payable on and After March 19, 2024

Full year 2023 earnings released: EPS: CA$2.62 (vs CA$3.68 in FY 2022)

Investor sentiment improves as stock rises 20%

Manulife Financial Corporation, Annual General Meeting, May 09, 2024

Investor sentiment improves as stock rises 18%

Manulife Financial Corporation to Report Q1, 2024 Results on May 08, 2024

Upcoming dividend of CA$0.36 per share at 5.7% yield

Manulife Financial Corporation Declares Common Share Ordinary Dividend for the Third Quarter Ended September 30, 2023, Payable on December 19, 2023

Third quarter 2023 earnings released: EPS: CA$0.53 (vs CA$0.69 in 3Q 2022)

Investor sentiment deteriorates as stock falls 26%

Investor sentiment improves as stock rises 18%

Manulife Financial Corporation Appoints Maryscott (Scotty) Greenwood as Global Head of Government Relations, Effective October 16, 2023

Insider recently bought ₱12m worth of stock

Manulife Financial Corporation Announces Ordinary Cash Dividend for the Second Quarter of Financial Year Ending December 31, 2023, Payable on 19 September 2023

Second quarter 2023 earnings released

New minor risk - Share price stability

Now 25% undervalued after recent price drop

Manulife Announces Executive Changes

Manulife Financial Corporation to Report Q4, 2023 Results on Feb 07, 2024

Insider recently sold ₱858k worth of stock

Manulife Financial Corporation Announces Board Appointments

First quarter 2023 earnings released: EPS: CA$0.73 (vs CA$1.51 in 1Q 2022)

Manulife Financial Corporation Declares Quarterly Common Share Dividend, Payable on and After June 19, 2023

Now 26% undervalued after recent price drop

Insider recently sold ₱1.1m worth of stock

Full year 2022 earnings released: EPS: CA$3.68 (vs CA$3.55 in FY 2021)

Manulife Financial Corporation Announces Executive Changes

Manulife Increases Quarterly Dividend, Payable on and After March 20, 2023

Manulife Financial Corporation, Annual General Meeting, May 11, 2023

Now 22% undervalued after recent price drop

Manulife Financial Corporation to Report Q2, 2023 Results on Aug 09, 2023

Now 20% undervalued

Manulife Financial Corp Appoints Anne-Maree Tassell as Chief Operations Officer for Asia

Manulife Financial Corporation Appoints Patrick Graham as CEO for Hong Kong and Macau

Now 21% undervalued

Insider recently sold ₱3.1m worth of stock

Manulife Financial Corporation and the Manufacturers Life Insurance Company Appoints Don Lindsay as Vice Chair of the Board of Directors

Manulife Financial Declares Common Share Dividend Payable on and After December 19, 2022

Manulife Financial Corporation to Report Q1, 2023 Results on May 10, 2023

Manulife Financial Corporation Appoints Patrick Graham as CEO for Hong Kong and Macau, Effective January 1, 2023

Insider recently sold ₱1.8m worth of stock

Manulife Financial Corporation Announces Quarterly Dividend, Payable on September 19, 2022

Second quarter 2022 earnings released: EPS: CA$0.53 (vs CA$1.33 in 2Q 2021)

Manulife Financial Corporation Announces Quarterly Dividend, Payable on and After September 19, 2022

Investor sentiment improved over the past week

Manulife Financial Corporation Launches New Learning Platform for Its Insurance Advisors Across Asia

Investor sentiment improved over the past week

Manulife Financial Corporation Appoints Damien Allen Green as President of Manulife Asia