John Hancock Financial Overview
Stock Ticker Symbol: JHF
52 week High $34.78 52
52 Week Low $25.40
Brief Financial Synopsis and History
Achieved a 7.6% increase in segment after-tax operating income per share and a return on equity of 14.6%. Net income per share decreased 15.4%.
Core variable life sales declined 7% but core universal life sales more than doubled, with a total core life sales increase of 17%.
Financial Highlights in the past 4 years:
| Year Ended Dec 31 | 2002 |
2001 |
2000 |
1999 |
| Segment after-tax operating income (in millions) | $826.2 |
$805.7 |
$738.8 |
$613.2 |
| Segment after-tax operating income per share | $2.82 |
$2.62 |
$2.34 |
$1.95 |
| Segment after-tax return on equity | 14.6% |
14.5% |
14.3% |
13.2% |
| Assets under management (in billions) | $127.6 |
$124.2 |
$125.2 |
$127.3 |
Shareholders' equity, or policyholders' equity, has steadily increased more than 25% over the past 5 years. In 1998, it was $4,955.2 million and rose to $6,211.1 million in 2002.
For the three months ended 3/31/03, revenues rose 14% to $2.33 billion. Net income rose 73% to $253.2 million. Revenues reflect an increase in the Maritime Life Segment following pricing increases. Earnings also reflect a $233.8 million gain on sale of the Company's home office properties.
3 Year average payout ratio : 15.22%
The payout ratio is the percentage of the Primary/Basic Earnings Per Share Excluding Extraordinary Items paid to common stockholders in the form of cash dividends.
Stock Prices from the past 12 months:
Date |
Open |
High |
Low |
Close |
Volume |
Adj. Close |
Jul 03 |
30.68 |
33.28 |
30.27 |
32.65 |
849,340 |
32.65 |
Jun 03 |
30.75 |
33.25 |
30.27 |
30.73 |
1,289,957 |
30.73 |
May 03 |
29.01 |
30.35 |
26.40 |
30.25 |
1,748,671 |
30.25 |
Apr 03 |
27.88 |
30.25 |
27.65 |
29.02 |
850,695 |
29.02 |
Mar 03 |
28.13 |
29.95 |
25.85 |
27.78 |
1,227,147 |
27.78 |
Feb 03 |
27.35 |
28.49 |
25.40 |
28.10 |
1,009,347 |
28.10 |
Jan 03 |
28.10 |
30.47 |
26.55 |
27.31 |
792,300 |
27.31 |
Dec 02 |
30.85 |
31.25 |
27.59 |
27.90 |
929,590 |
27.90 |
Nov 02 |
||||||
Nov 02 |
29.30 |
32.30 |
28.21 |
30.57 |
895,047 |
30.57 |
Oct 02 |
28.18 |
32.27 |
25.84 |
29.30 |
1,259,273 |
29.30 |
Sep 02 |
30.10 |
31.28 |
26.55 |
27.80 |
1,081,780 |
27.80 |
Aug 02 |
32.75 |
32.95 |
29.75 |
30.35 |
1,026,877 |
30.35 |
Jul 02 |
35.20 |
35.33 |
28.85 |
33.10 |
1,497,831 |
33.10 |
Growth Rates |
|||
. |
1 year |
3 years |
5 years |
Sales % |
-7.18 |
2.69 |
4.01 |
EPS % |
-14.39 |
48.67 |
-4.15 |
Dividend % |
3.23 |
NM |
NM |
*NM is an abbreviation for "Not Meaningful."
data from MultexInvestor.com, and finance.yahoo.com