Manulife Financial's subsidiaries upgraded to 'Aa1' by Moody's Investor Services



    TSX/NYSE/PSE: MFC; SEHK: 0945

    TORONTO, Sept. 25 /CNW/ - Moody's Investor Services today raised the
insurance financial strength ratings on Manulife Financial's rated insurance
subsidiaries to 'Aa1' from 'Aa2'. This makes Manulife Financial one of only
two publicly traded life insurance companies in North America with such
ratings, the second highest afforded by Moody's.
    According to Moody's Investor Services, the upgrade reflects Manulife's
success in continually strengthening the Company's diversified and predictable
earnings profile, its excellent financial flexibility and conservative capital
structure, and its durable, well-positioned franchises in North America and
Asia.
    "We are very pleased that Moody's Investor Services has recognized the
financial and operational strength of our company with this Aa1 rating," said
Dominic D'Alessandro, President and Chief Executive Officer of Manulife
Financial. "Customers today are increasingly interested in the strength of
their financial institutions. This Aa1 rating from Moody's, together with
Standard & Poor's highest AAA rating, provides additional comfort to our
customers that we will be here to fulfill our long-term promises."
    The upgraded ratings include the insurance financial strength ratings of
The Manufacturers Life Insurance Company, John Hancock Life Insurance Company,
John Hancock Variable Life Insurance Company, and John Hancock Life Insurance
Company (U.S.A.) - all of which were upgraded to Aa1 from Aa2 with a stable
outlook.

    About Manulife Financial
    ------------------------
    Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 19 countries and territories worldwide.
Operating as Manulife Financial in Canada and Asia, and primarily through John
Hancock in the United States, the Company offers clients a diverse range of
financial protection products and wealth management services through its
extensive network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were Cdn$410 billion as
at June 30, 2007.
    Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '0945' on the SEHK. Manulife Financial can be found on the Internet
at www.manulife.com.





For further information:

For further information: Media inquiries: Patti Vernon, (416) 852-8248,
patti_vernon@manulife.com; Investor Relations: Patricia Kelly, 1-800-795-9767,
investor_relations@manulife.com


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