Manulife announces $13 billion reinsurance deal, including $6 billion of long-term care, with global atlantic

L argest ever  ltc reinsurance transaction  major milestone for manulife's portfolio transformation $1.2 billion capital release will be returned to shareholders via share buybacks conference call to be held monday, december 11, 2023, at 8:30 a.m. et; details below tsx/nyse/pse: mfc sehk: 945            c$ unless otherwise stated toronto , dec. 11, 2023 /prnewswire/ - manulife financial corporation ("manulife" or the "company") announced today it has agreed to reinsure to global atlantic four blocks of legacy/low roe business, including $6 billion of long-term care ("ltc") reserves.
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