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John Hancock Financial Services

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SPORTS
June 20, 1989
The annual postseason football game played in El Paso's Sun Bowl Stadium will be called the John Hancock Bowl instead of the Sun Bowl. For the last three years, the game's name has been the John Hancock Sun Bowl, but officials of John Hancock Financial Services said most news outlets deleted the John Hancock portion of the name.
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BUSINESS
September 30, 2003 | From Reuters
Wall Street reacted warily Monday to Manulife Financial Corp.'s bid to buy life insurer John Hancock Financial Inc. for about $10 billion in stock, as concerns mounted that the resulting insurance giant wouldn't achieve promised cost savings. The deal would create the second-largest life insurer in North America and the largest in Canada. Manulife is currently the No. 3 Canadian insurer.
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BUSINESS
November 1, 2002 | From Bloomberg News
John Hancock Financial Services Inc.'s third-quarter earnings fell 4% as the stock market slump cut into sales of annuities and fees for managing assets. Net income was $158.1 million, or 54 cents a share, compared with $165.2 million, or 54 cents, in the year-ago period as the firm bought back shares. Earnings excluding investment losses were 64 cents, a penny below analyst estimates. Shares of Hancock, which announced its earnings after the close of trading, gained 34 cents to $29.
BUSINESS
June 24, 2003 | From Associated Press
John Hancock Financial Services Inc. said it agreed to sell its group life insurance operations to MetLife Inc. as it concentrates on its main businesses. Boston-based Hancock has been moving to divest itself of its non-core operations for the last several years. It has been focusing on businesses such as individual life insurance, long-term care insurance, annuities and structured financial products and institutional investment management. The deal is expected to close this year.
BUSINESS
January 11, 1993 | From Times Staff and Wire Reports
John Hancock Lays Off 700: John Hancock Financial Services laid off 700 employees last week in 31 sales offices around the country, company officials confirmed. Most who lost their jobs were field office sales agents in offices that Hancock's chairman and chief executive, Stephen L. Brown, said were unprofitable.
BUSINESS
June 24, 2003 | From Associated Press
John Hancock Financial Services Inc. said it agreed to sell its group life insurance operations to MetLife Inc. as it concentrates on its main businesses. Boston-based Hancock has been moving to divest itself of its non-core operations for the last several years. It has been focusing on businesses such as individual life insurance, long-term care insurance, annuities and structured financial products and institutional investment management. The deal is expected to close this year.
SPORTS
April 12, 1989
The Boston Marathon, a late entry into the big-money era of road racing, has reached a rich sponsorship agreement that will extend through the year 2008. The 20-year deal between John Hancock Financial Services and the Boston Athletic Assn., announced Tuesday, replaces a 10-year, $10-million arrangement that began with the 1986 race, its first sponsorship. Under the new agreement, which starts with Monday's race, Hancock will provide an average of $1.3 million per year in funds and services through 2003.
BUSINESS
June 4, 1993
The Los Angeles Times has been named a winner of the 1992 John Hancock Financial Services Awards for Excellence in Business and Financial Journalism. The award for newspapers with circulation above 300,000 went to Scot Paltrow of the Los Angeles Times Business staff for his investigative series, "Investors at Risk." The series documented widespread fraud against small investors by brokerage firms.
SPORTS
February 26, 1992 | JULIE CART
The Los Angeles Marathon lost one of its major sponsors Tuesday, when John Hancock Financial Services announced it will not renew its five-year sponsorship agreement with the race, which expires after Sunday's race. The firm is one of six of the race's major sponsors, and its annual contribution is reportedly about $250,000. However, race President William Burke said he will announce at Sunday's race the name of a sponsor to take Hancock's place. At the same time Hancock is dropping the L.A.
BUSINESS
November 1, 2002 | From Bloomberg News
John Hancock Financial Services Inc.'s third-quarter earnings fell 4% as the stock market slump cut into sales of annuities and fees for managing assets. Net income was $158.1 million, or 54 cents a share, compared with $165.2 million, or 54 cents, in the year-ago period as the firm bought back shares. Earnings excluding investment losses were 64 cents, a penny below analyst estimates. Shares of Hancock, which announced its earnings after the close of trading, gained 34 cents to $29.
BUSINESS
January 22, 2000 | Bloomberg News
John Hancock Financial Services (JHF), the nation's second-largest life insurer, leads U.S. initial public offers next week with a $1.7-billion stock sale, the biggest of about 20 deals on tap as the IPO market gets going after its traditional January break. Still, Internet companies a fraction of Hancock's size are expected to capture the spotlight.
BUSINESS
June 4, 1993
The Los Angeles Times has been named a winner of the 1992 John Hancock Financial Services Awards for Excellence in Business and Financial Journalism. The award for newspapers with circulation above 300,000 went to Scot Paltrow of the Los Angeles Times Business staff for his investigative series, "Investors at Risk." The series documented widespread fraud against small investors by brokerage firms.
BUSINESS
January 11, 1993 | From Times Staff and Wire Reports
John Hancock Lays Off 700: John Hancock Financial Services laid off 700 employees last week in 31 sales offices around the country, company officials confirmed. Most who lost their jobs were field office sales agents in offices that Hancock's chairman and chief executive, Stephen L. Brown, said were unprofitable.
BUSINESS
May 15, 1992
A team of Los Angeles Times business writers who covered the BankAmerica-Security Pacific merger won a top prize in the 25th annual Awards for Excellence in Business and Financial Journalism competition sponsored by John Hancock Financial Services. The team--Martha Groves, Victor F. Zonana, Kathy M.
SPORTS
February 26, 1992 | JULIE CART
The Los Angeles Marathon lost one of its major sponsors Tuesday, when John Hancock Financial Services announced it will not renew its five-year sponsorship agreement with the race, which expires after Sunday's race. The firm is one of six of the race's major sponsors, and its annual contribution is reportedly about $250,000. However, race President William Burke said he will announce at Sunday's race the name of a sponsor to take Hancock's place. At the same time Hancock is dropping the L.A.
BUSINESS
May 15, 1992
A team of Los Angeles Times business writers who covered the BankAmerica-Security Pacific merger won a top prize in the 25th annual Awards for Excellence in Business and Financial Journalism competition sponsored by John Hancock Financial Services. The team--Martha Groves, Victor F. Zonana, Kathy M.
BUSINESS
January 22, 2000 | Bloomberg News
John Hancock Financial Services (JHF), the nation's second-largest life insurer, leads U.S. initial public offers next week with a $1.7-billion stock sale, the biggest of about 20 deals on tap as the IPO market gets going after its traditional January break. Still, Internet companies a fraction of Hancock's size are expected to capture the spotlight.
BUSINESS
June 12, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
John Hancock Financial Services, the insurance and financial giant, said Monday that it has acquired Cost Care Inc., a Huntington Beach company that specializes in helping employers control fast-rising medical costs. Boston-based John Hancock said it will merge its own, smaller health-care management business into Cost Care, creating one of the nation's largest cost-management firms with projected revenue of about $40 million in 1990.
SPORTS
June 20, 1989
The annual postseason football game played in El Paso's Sun Bowl Stadium will be called the John Hancock Bowl instead of the Sun Bowl. For the last three years, the game's name has been the John Hancock Sun Bowl, but officials of John Hancock Financial Services said most news outlets deleted the John Hancock portion of the name.
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