July 13, 2017 / 5:20 PM / 4 months ago

Manulife exploring IPO or spin off for John Hancock unit: WSJ

(Reuters) - Canada’s biggest life insurer Manulife Financial Corp (MFC.TO) is looking to list or spin off its U.S. unit John Hancock Financial Services, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Manulife has been under pressure from some of its shareholders after years of disappointing results at the unit, according to the WSJ report.

The insurer declined to comment.

Reporting by John Benny in Bengaluru; Editing by Shounak Dasgupta

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