CSC has announced that John Hancock Financial Services, a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 21 countries and territories worldwide, has signed a six-year extension to its information technology outsourcing (ITO) agreement with CSC.

Under the agreement valued at $25 million and awarded during the first quarter of fiscal year 2012, CSC will continue to provide applications and infrastructure services for the carrier's U.S. Wealth Management Division in support of the administration of more than one million fixed and variable annuity policies.

"Since 1987, CSC has been John Hancock's strategic partner, supporting our wealth management practice and enabling us to improve efficiency, productivity and profitability while we focus on the essential functions of our business," said Tony Todisco, vice president, John Hancock Annuity Systems. "With the new distributed environment, John Hancock will have greater flexibility and efficiency, and a foundation for the future."