Manulife Financial Closes LTC Reinsurance Transaction With Munich Re

09:19 AM EDT, 10/02/2026 (MT Newswires) -- Manulife Financial (MFC.TO) closed a transaction to reinsure biometric risk on a block of long-term care (LTC) policies with CA$3.2 billion of reserves to Munich Re the company said overnight Thursday. Manulife had previously said it will have reduced its LTC morbidity sensitivity by 24% when it includes previous LTC reinsurance transactions. Manulife shares closed down CA$0.02 to CA$60.62 Thursday on the Toronto Stock Exchange.