John Hancock Life Insurance Company, U.S.A. is a Boston-based insurance company. Established April 21, 1862, it was named in honor of John Hancock, a prominent American Patriot.
In 2004, John Hancock was acquired by the Canadian multinational life insurance company Manulife Financial. It operates as an independent subsidiary. The company and the majority of Manulife's U.S. assets continue to operate under the John Hancock name.
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On April 21, 1862, the charter of the John Hancock Mutual Life Insurance Company was approved by John A. Andrew, governor of Massachusetts.[2]
There was not always a standardization for how the company name has been referenced. For example, a John Hancock advertisement from 1912 refers to the company as "John Hancock Mutual Life Insurance Company," but some John Hancock advertisements and newspaper articles from the 1930s refer to it as the "John Hancock Life Insurance Company."[3] However, 1940s sources again refer to the company as the "John Hancock Mutual Life Insurance Company."[citation needed]
In 1972, Dr. Mary Ella Robertson was named as the first black woman and first female to serve on the John Hancock Board.[4]
In 2000, led by David F. D'Alessandro, the company "demutualized," meaning that "John Hancock Mutual Life Insurance Company" formally ceased to exist, and a new company named "John Hancock Financial Services, Inc." came into existence. Policyholders received shares in the new company in exchange for giving up ownership in the old. Life insurance continued to be sold by an entity known as the "John Hancock Variable Life Insurance Company", a subsidiary of John Hancock Financial Services Inc. On January 27, 2000, shares of Hancock stock started to trade on the New York Stock Exchange under the symbol JHF.[citation needed]
On September 29, 2003, Manulife Financial of Canada announced its intent to acquire John Hancock for $10.4 billion. The merged entity would be led by D'Alessandro, but he would step down in June 2004. The sale also included a Canadian subsidiary of John Hancock, Maritime Life; it was integrated into Manulife's Canadian operations.[5][6][7]
Headquarters
The headquarters and its 1,100 employees are based in 200 Berkeley Street, sometimes known as the "Old John Hancock Building" and 197 Clarendon Street. John Hancock no longer has a presence in the Back Bay tower at 200 Clarendon Street, still known by many Bostonians as the Hancock Tower.[8] The company was headquartered at 601 Congress Street in the Seaport District from 2005 to 2018, when it consolidated with offices it had retained in the Back Bay.[8]
Investor Sentiment Index
John Hancock created an index called the "John Hancock Investor Sentiment Index" in 2011.[9] The company describes the index as a "quarterly measure of investors' views on a range of investment choices, life goals and economic outlook."[10]
Leadership
In October 2017, Marianne Harrison became the first female president and chief executive officer of John Hancock. She earned a reported $4.4 million in compensation in 2017.[11]
See also
John Hancock Bowl, a college football bowl game the company previously sponsored in El Paso, Texas
^John Hancock Mutual Life Insurance Company. The Standard. Standard Publishing. April 20, 1912. p. 405. Retrieved 2021-10-20.
^John Hancock advertisement. The Standard. Vol. 70. Standard Publishing. May 11, 1912. p. 480.
^"Black Woman Is Appointed To Board at John Hancock". The New York Times. May 9, 1972. ISSN 0362-4331. Retrieved 2021-03-08.
^Stewart, Sinclair (September 29, 2003). "Manulife to buy John Hancock in massive deal". The Globe and Mail. Toronto. Retrieved 2021-10-21.
^Caffrey, Andrew (June 11, 2004). "Hancock chief D'Alessandro stepping down". The Boston Globe.
^"Manulife buying John Hancock for $15 billion". CBC News. Retrieved 2018-10-31.
^ abChesto, Jon (2018-03-27). "Hancock to return to the Back Bay from the Seaport". The Boston Globe. Retrieved 2018-03-27.
^"John Hancock Inaugurates Investor Sentiment Index" (Press release). John Hancock Financial Services. 30 March 2011. Retrieved 20 October 2021 – via PR Newswire.
^"John Hancock Inaugurates Investor Sentiment Index". InsuranceNewsNet. March 30, 2011.
^Ryan, Greg (2018-03-20). "New Hancock CEO sees 30% pay bump in first year on job". Boston Business Journal. Retrieved 2018-03-21.
External links
Official website
January 22, 2023
john, hancock, financial, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, o. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources John Hancock Financial news newspapers books scholar JSTOR October 2018 Learn how and when to remove this template message John Hancock Life Insurance Company U S A is a Boston based insurance company Established April 21 1862 it was named in honor of John Hancock a prominent American Patriot John Hancock Life Insurance Company U S A TypeWholly owned subsidiaryIndustryinsurance industry GenreInsurance and financial servicesFounded1862Headquarters200 Berkeley StreetBoston Massachusetts USKey peopleMarianne Harrison President and Chief Executive OfficerProductsLife insurance mutual funds Long term care insurance Retirement plan services College savings plansNumber of employees6 700 1 ParentManulife FinancialWebsitewww johnhancock comIn 2004 John Hancock was acquired by the Canadian multinational life insurance company Manulife Financial It operates as an independent subsidiary The company and the majority of Manulife s U S assets continue to operate under the John Hancock name Contents 1 History 2 Headquarters 3 Investor Sentiment Index 4 Leadership 5 See also 6 References 7 External linksHistory EditThis section is in list format but may read better as prose You can help by converting this section if appropriate Editing help is available October 2018 On April 21 1862 the charter of the John Hancock Mutual Life Insurance Company was approved by John A Andrew governor of Massachusetts 2 There was not always a standardization for how the company name has been referenced For example a John Hancock advertisement from 1912 refers to the company as John Hancock Mutual Life Insurance Company but some John Hancock advertisements and newspaper articles from the 1930s refer to it as the John Hancock Life Insurance Company 3 However 1940s sources again refer to the company as the John Hancock Mutual Life Insurance Company citation needed In 1972 Dr Mary Ella Robertson was named as the first black woman and first female to serve on the John Hancock Board 4 In 2000 led by David F D Alessandro the company demutualized meaning that John Hancock Mutual Life Insurance Company formally ceased to exist and a new company named John Hancock Financial Services Inc came into existence Policyholders received shares in the new company in exchange for giving up ownership in the old Life insurance continued to be sold by an entity known as the John Hancock Variable Life Insurance Company a subsidiary of John Hancock Financial Services Inc On January 27 2000 shares of Hancock stock started to trade on the New York Stock Exchange under the symbol JHF citation needed On September 29 2003 Manulife Financial of Canada announced its intent to acquire John Hancock for 10 4 billion The merged entity would be led by D Alessandro but he would step down in June 2004 The sale also included a Canadian subsidiary of John Hancock Maritime Life it was integrated into Manulife s Canadian operations 5 6 7 Headquarters EditThe headquarters and its 1 100 employees are based in 200 Berkeley Street sometimes known as the Old John Hancock Building and 197 Clarendon Street John Hancock no longer has a presence in the Back Bay tower at 200 Clarendon Street still known by many Bostonians as the Hancock Tower 8 The company was headquartered at 601 Congress Street in the Seaport District from 2005 to 2018 when it consolidated with offices it had retained in the Back Bay 8 Investor Sentiment Index EditJohn Hancock created an index called the John Hancock Investor Sentiment Index in 2011 9 The company describes the index as a quarterly measure of investors views on a range of investment choices life goals and economic outlook 10 Leadership EditIn October 2017 Marianne Harrison became the first female president and chief executive officer of John Hancock She earned a reported 4 4 million in compensation in 2017 11 See also EditJohn Hancock Bowl a college football bowl game the company previously sponsored in El Paso TexasReferences Edit John Hancock Financial Forbes Retrieved 2021 10 20 John Hancock Mutual Life Insurance Company The Standard Standard Publishing April 20 1912 p 405 Retrieved 2021 10 20 John Hancock advertisement The Standard Vol 70 Standard Publishing May 11 1912 p 480 Black Woman Is Appointed To Board at John Hancock The New York Times May 9 1972 ISSN 0362 4331 Retrieved 2021 03 08 Stewart Sinclair September 29 2003 Manulife to buy John Hancock in massive deal The Globe and Mail Toronto Retrieved 2021 10 21 Caffrey Andrew June 11 2004 Hancock chief D Alessandro stepping down The Boston Globe Manulife buying John Hancock for 15 billion CBC News Retrieved 2018 10 31 a b Chesto Jon 2018 03 27 Hancock to return to the Back Bay from the Seaport The Boston Globe Retrieved 2018 03 27 John Hancock Inaugurates Investor Sentiment Index Press release John Hancock Financial Services 30 March 2011 Retrieved 20 October 2021 via PR Newswire John Hancock Inaugurates Investor Sentiment Index InsuranceNewsNet March 30 2011 Ryan Greg 2018 03 20 New Hancock CEO sees 30 pay bump in first year on job Boston Business Journal Retrieved 2018 03 21 External links EditOfficial website Retrieved from https en wikipedia org w index php title John Hancock Financial amp oldid 1127265641, wikipedia, wiki, book, books, library,
