John Hancock Life Insurance Company
Founded in 1864, the John Hancock Life Insurance Company has become a giant in the world of insurance and finance. In 2003, this giant insurer and Manulife Financial Corporation merged, forming the fifth largest insurance company in the world. The John Hancock Life Insurance Company is now a wholly-owned subsidiary of Manulife, and the John Hancock name continues to be used in the US. The John Hancock Company has total assets of $73 billion and net life insurance value of $196.2 billion. This company recently announced a change to its business model. It will now be a needs-based, customer-oriented organization. Through this change they hope to build deeper, more meaningful relationships with their clients.
Financial ratings for John Hancock A.M. Best: A++
Standard and Poor’s: AA+
The financial strength of a company and potential for prolonged survival are represented by the above ratings.
John Hancock Company Information
200 Clarendon Street
John Hancock Place
Boston, MA 02117-0111
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