Manulife Agrees to Sell Block of Legacy Variable Annuities
On November 15, 2021, Manulife Financial Corporation (MFC) reached an agreement with Venerable
Holdings Inc. (VH) to reinsure roughly $22 billion (account values) in variable annuity business issued by
MFC’s principal U.S. life insurer John Hancock Life Insurance Company (USA) (JHUSA).
