Manulife marks 25 years on HKEX with $400b market cap growth

The insurer currently serves over 2.5 million customers across Hong Kong and Macau.

Manulife marked the 25th year of its initial public offering (IPO) in Hong Kong.

The insurer’s market cap in Hong Kong has grown from approximately $47b to over $400b on Hong Kong Exchanges and Clearing Limited (HKEX). This growth delivered a total return of over 1,000% for its shareholders.

In addition, Manulife’s Hong Kong workforce has expanded more than fivefold to 2,600 employees and has partnered with over 10,000 professional agents over the past 25 years.

“We are proud to count 1 in 3 people in Hong Kong as our customers, making us an integral part of the city’s fabric. We feel privileged that the Hong Kong SAR has been a dynamic base for our growth across Asia and remains a cornerstone of our regional business,” Phil Witherington, president and CEO for Manulife Asia said.

Manulife was listed on the HKEX in 1999 and currently serves over 2.5 million customers across Hong Kong and Macau. It is also the top Mandatory Provident Fund (MPF) provider in Hong Kong, with over $342b in assets under management.