Manulife Financial Corporation

Manulife Financial Corporation

MFC
Manulife Financial CorporationUS flagNew York Stock Exchange
38.44
USD
+0.76
- -
64.45BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
Basic EPS, GAAP
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
Free Cash Flow per Basic Share
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
Dividend per Share
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
Book Value per Share
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
Tangible Book Value per Share
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
Basic Weighted Avg Shares
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
Sales/Revenue/Turnover
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
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
426
462
580
693
560
747
626
656
529
-1,474
-1,417
-1,507
-1,829
-1,887
Net Income, GAAP
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
Effective Tax Rate (%)
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
Profit Margin (%)
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
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
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
Total Equity
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
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on 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 Common Equity (%)
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

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
74,173
85,178
81,151

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
- -
- -
- -
- -

Company Description

APIChat
CEO
Philip James Witherington
Full Time Employees
37,000
Sector
Financial Services
Industry
Insurance - Life
Address
200 Bloor Street East Toronto ON Canada M4W 1E5
IPO Date
Sep 24, 1999
Business
Manulife Financial Corporation (MFC) is a leading Canadian multinational financial services provider that offers life and health insurance protection products, wealth and asset management solutions, annuities, pension products, mutual funds, segregated funds, ETFs, reinsurance services and banking through Manulife Bank of Canada to individuals, groups, businesses and institutional clients; the company operates primarily through its Global Wealth & Asset Management, Insurance and Annuity Products, and Corporate and Other segments across Canada, the United States via its John Hancock Financial division, Asia and other international markets. Founded in 1887 and headquartered at 200 Bloor Street East in Toronto, Ontario, Manulife manages approximately US$1.1 trillion in assets under management and administration, employs around 38,000 people and serves over 26 million customers worldwide as Canada's largest insurance company and one of the world's top fund managers. In recent developments, Manulife completed the acquisition of a 75% stake in Comvest Credit Partners in November 2025 to form the Manulife | Comvest Credit Partners platform managing over US$18 billion in private credit assets, enhancing its alternative credit capabilities for sponsor-backed and non-sponsored borrowers; entered into a 50:50 life insurance joint venture agreement with Mahindra & Mahindra in India in November 2025 with up to US$400 million capital commitment each to target rural, semi-urban and urban protection markets pending regulatory approval; reported 8% core earnings growth, $1.9 billion net income increase and 32% rise in new business value for the latest year; and continues expansions in Asia insurance, U.S. middle-income segments and digital platforms including AI investments.

Company News

APIChat
  • Manulife: The Market Punished The Wrong Q1

  • Manulife Financial Corporation to Issue S$500 million 2.880% Subordinated Notes Due 2036

  • Manulife Announces Executive Leadership Team Changes

  • Manulife: The Market Is Underestimating The Risk After Q1 2026

  • Manulife Financial Q1 Earnings Call Highlights

  • Manulife Announces Election of Directors

  • Manulife Financial Corporation (MFC:CA) Shareholder/Analyst Call Transcript

  • Manulife Financial Q1 Earnings Miss Expectations, APE Sales Rise Y/Y

  • Manulife declares preferred share dividend

  • Manulife declares common share dividend

  • Manulife Reports First Quarter 2026 Results

  • Manulife Releases 2025 Sustainability Report and Public Accountability Statement

  • Manulife Turns Longevity into Action Through Volunteerism with First‑Ever Global Impact Week

  • John Hancock Adds to U.S. Sales and Distribution Leadership with Key Appointments, Expands Executive Benefits Business

  • Manulife Investments Closes the Market

  • Cwm LLC Sells 22,772 Shares of Manulife Financial Corp $MFC

  • The Best Canadian Insurance Stocks: Which One Deserves Your Money?

  • Manulife to Release First Quarter 2026 Results

  • Manulife and the World Economic Forum's UpLink Initiative Launch Canadian Longevity Innovation Challenge

  • Manulife Financial Corp (NYSE:MFC) Given Consensus Recommendation of “Buy” by Analysts