Manulife Financial Corporation

Manulife Financial Corporation

0945.HK
Manulife Financial CorporationHK flagHong Kong Stock Exchange
298.60
HKD
+2.60
- -
500.67BMarket Cap
Manulife Financial Corporation
0945.HK
(Hong Kong Stock Exchange)

Recent

price

298.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
20.76
27.99
15.49
9.5
28.62
16.76
26.2
28.64
18.83
39.75
39.73
30.81
12.65
-3.84
-4.1
31.13
46.58
Revenue per Share
-0.94
0.07
0.88
1.62
1.83
1.08
1.45
0.97
2.28
2.6
2.66
3.32
-1.24
2.81
2.99
3.21
3.6
Basic EPS, GAAP
6.55
6.09
5.96
5.17
5.83
5.3
8.62
8.99
9.69
10.49
10.33
11.92
8.71
11.14
14.89
18.85
16.98
Free Cash Flow per Basic Share
0.39
0.4
0.4
0.41
0.49
0.73
0.81
0.9
0.9
0.71
1.21
1.29
1.46
1.62
1.78
1.94
1.99
Dividend per Share
12.83
12.35
12.77
13.87
15.2
15.94
16.54
16.72
18.02
19.72
21.6
16.86
13.68
14.37
14.3
14.75
14.82
Book Value per Share
9.83
9.87
9.68
11.44
13.9
15.25
14.77
14.53
16.79
18.54
20.22
15.75
16.25
17.32
19.81
19.67
19.98
Tangible Book Value per Share
1,765
1,786
1,812
1,840
1,854
1,958
1,973
1,978
1,979
1,958
1,941
1,942
1,910
1,834
1,779
1,703
1,694
Basic Weighted Avg Shares
36,637
49,982
28,076
17,485
53,069
32,815
51,691
56,650
37,264
77,822
77,121
59,841
24,159
-7,037
-7,288
53,014
78,899
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
316
345
390
426
462
580
693
560
747
626
656
529
-1,474
-1,417
-1,507
-1,829
-1,887
Depreciation Expense
-1,583
218
1,707
3,118
3,522
2,221
2,990
2,068
4,673
5,269
5,326
6,657
-2,100
5,463
5,631
5,782
6,418
Net Income, GAAP
- -
- -
- -
15.51
15.74
12.53
5.89
9.56
11.45
11.54
17.65
14.93
- -
13.1
17.09
14.58
15.11
Effective Tax Rate (%)
-4.32
0.44
6.08
17.83
6.64
6.77
5.78
3.65
12.54
6.77
6.91
11.12
-8.69
-77.63
-77.26
10.91
8.13
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
8,501
7,178
8,605
8,816
8,967
9,548
12,876
13,171
13,501
11,663
13,993
11,862
11,741
12,144
14,161
12,934
13,070
LT Debt
24,675
24,879
25,159
29,033
33,926
41,938
42,823
42,163
47,151
50,106
53,006
46,892
48,226
48,727
52,960
52,488
53,056
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
10.99
11.33
7.39
8.1
5.78
10.66
11.34
10.38
12.78
- -
14.23
14.29
14.24
15.95
Return on Capital (%)
-6.98
0.59
7.06
12.27
12.65
7.09
8.95
5.81
13.11
13.72
12.8
17.25
-8.02
19.67
20.54
21.6
24.5
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
1,741
377
LT Borrowings
13,428
12,934
13,070
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
6,660
6,660
6,660
Shares Outstanding
1,690
1,677
1,672
Market Capitalization
73,590
85,473
79,873

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
25,832
26,703
24,988
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,741
377
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.46%
0.03%
-0.89%
Free Cash Flow
14.21%
12.21%
21.18%
Net Income, GAAP
-31.74%
-92.19%
2.68%
Sales/Revenue/Turnover
-89.42%
-207%
-827.41%
Total Cash Common Dividend
10.8%
6.61%
4.78%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
35,177
18,478
14,572
4,218
-7,288
2025
9,044
41,125
17,309
8,604
53,014
2026
11,861
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.48
0.55
1.06
- -
2.99
2025
0.29
1.04
1.02
- -
3.21
2026
0.68
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.43
0.46
0.43
- -
1.78
2025
0.47
0.5
0.47
- -
1.94
2026
0.51
- -
- -
- -
- -
Business
Manulife Financial Corporation Manulife Financial Corp (0945.HK) is a leading international financial services provider that offers financial protection products and wealth management solutions to individuals, groups, and businesses. The company provides life insurance, health insurance, annuities, pension products, mutual funds, segregated funds, exchange-traded funds, retirement plans, reinsurance services, and integrated banking products through its subsidiaries including Manulife Bank of Canada and John Hancock in the United States; it operates primarily under the Manulife brand in Canada, Asia, and Europe, and as John Hancock in the U.S., with global headquarters in Toronto, Canada, where it traces its origins to 1887 as The Manufacturers Life Insurance Company. Manulife conducts business across Canada, the United States, Asia, and other international markets, serving over 36 million customers through more than 37,000 employees, 109,000 agents, and extensive distribution partners, while managing substantial assets in institutional and retail segments including timberland and agricultural portfolios. In recent developments, Manulife announces a refreshed enterprise strategy in November 2025 emphasizing growth in high-potential markets and announces a 50:50 life insurance joint venture with Mahindra Group in India, building on their existing asset management collaboration with up to US$400 million total capital commitment; the company plans to acquire a 75% stake in Comvest Credit Partners adding US$14.7 billion to its global wealth and asset management platform, expected to close in Q4 2025 and be immediately accretive to earnings; additionally, Manulife expands its segregated fund lineup in Canada with new offerings from Fidelity Investments including global balanced, growth, and innovators funds, as well as BlackRock-managed index funds tracking Canadian, U.S., and international equities, enhancing options for advisors and clients in GIF Select and RESP products.