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MFC

Manulife Financial Corporation

Price Chart
Latest Quote

$44.96

+0.31 (+0.69%)
Current Price
Previous Close $44.65
Open $44.78
Day High $45.03
Day Low $44.55
Volume 347,241
Fetched: 2026-10-27T16:55:44
Stock Information
Note: Financial values converted from CAD to USD
Quarterly Dividend / Yield $1.36 / 3.05%
Shares Outstanding 1.65B
Quarterly Dividend Yield 3.05%
Quarterly Dividend $1.36
Total Debt $16.61B
Cash Equivalents $23.40B
Revenue $23.57B
Net Income $4.44B
Sector Financial Services
Industry Insurance - Life
Market Cap $74.38B
P/E Ratio 16.84
EPS (TTM) $2.67
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$68.71B
Sales$23.57B
Income$4.44B
Book/sh$21.75
Cash/sh$19.87
Employees37K
Financial Ratios
Quick Ratio9.17
Current Ratio29.53
Debt/Eq42.48
EPS Growth TTM16.40%
Returns & Margins
ROA0.60%
ROE13.31%
Gross Margin50.82%
Operating Margin28.25%
Profit Margin20.31%
Ownership
Insider Ownership0.02%
Institutional Ownership54.28%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E12.61
PEG0.93
P/S2.25
P/B2.07
Analyst Data
Recommendationbuy
Target Price$34.71
Technical Indicators
SMA20$43.54
SMA50$43.47
SMA200$39.41
RSI73.74
ATR0.7493
Shares Float1.66B
Short Ratio7.09
Volatility0.74
Rel Volume0.26
Performance History
Week+1.08%
Month+3.36%
Quarter+3.22%
6 Months+18.57%
YTD+27.52%
Year+41.80%
3 Years+186.83%
5 Years+176.04%
10 Years+369.77%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-10-27 $44.96 347,241
2026-10-26 $44.65 1,850,800
2026-10-23 $44.26 1,340,600
2026-10-22 $45.62 1,664,500
2026-10-21 $45.26 1,574,200
2026-10-20 $44.48 1,144,100
2026-10-19 $44.06 1,304,400
2026-10-16 $44.34 1,131,400
2026-10-15 $43.86 1,307,900
2026-10-14 $43.10 1,076,600
2026-10-13 $43.28 1,535,100
2026-10-12 $42.86 704,200
2026-10-09 $42.43 940,300
2026-10-08 $42.12 1,472,400
2026-10-07 $41.67 2,298,800
2026-10-06 $42.93 1,402,300
2026-10-05 $42.94 1,107,200
2026-10-02 $42.93 1,310,000
2026-10-01 $42.55 1,702,100
2026-09-30 $42.59 1,180,400
2026-09-29 $43.42 1,260,000
2026-09-28 $43.50 1,396,900
About Manulife Financial Corporation

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. It operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks. The Insurance and Annuity Products segment provides deposit and credit products; and individual life insurance, individual and group long-term care insurance, and guaranteed and partially guaranteed annuity products through multiple distribution channels, including insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in the property and casualty reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. The company also manages timberland and agricultural portfolios; and engages in the insurance agency, broker dealer, investment counseling, portfolio and mutual fund management, property and casualty insurance, and fund and investment management businesses. In addition, it provides integrated banking products and services, as well as offers asset management services. The company was incorporated in 1887 and is headquartered in Toronto, Canada.

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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Total Revenue $37,194,977,594 $-5,113,309,630 $-4,937,206,348 $16,950,116,265
Operating Revenue $37,194,977,594 $-5,113,309,630 $-4,937,206,348 $16,950,116,265
Expenses
Interest Expense $1,073,458,251 $1,179,400,863 $1,090,296,812 $737,388,642
Total Expenses $32,217,779,664 $-10,087,701,133 $-9,463,972,776 $19,151,758,090
Other Income Expense $138,918,127 $206,973,976 $90,507,264 $-183,119,349
Net Non Operating Interest Income Expense $-1,073,458,251 $-1,179,400,863 $-1,090,296,812 $-737,388,642
Interest Expense Non Operating $1,073,458,251 $1,179,400,863 $1,090,296,812 $737,388,642
General And Administrative Expense $3,438,574,437 $3,409,106,955 $3,037,957,011 $2,617,694,598
Loss Adjustment Expense $24,237,705,058 $21,379,359,362 $20,085,596,608 $13,579,597,678
Other Operating Expenses - - - $311,513,375
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $4,056,689,939 $3,950,747,328 $3,832,877,402 $-1,473,374,070
Net Interest Income $-1,073,458,251 $-1,179,400,863 $-1,090,296,812 $-737,388,642
Interest Income $13,386,655,836 $12,264,085,116 $11,309,900,004 $11,199,747,752
Normalized Income $4,056,689,939 $3,950,747,328 $3,832,877,402 $-1,473,374,070
Net Income From Continuing And Discontinued Operation $4,056,689,939 $3,950,747,328 $3,832,877,402 $-1,473,374,070
Net Income Common Stockholders $3,684,136,782 $3,559,952,396 $3,367,712,160 $-1,538,623,493
Net Income $4,056,689,939 $3,950,747,328 $3,832,877,402 $-1,473,374,070
Net Income Including Noncontrolling Interests $4,251,736,602 $4,124,044,183 $3,933,908,767 $-1,388,479,659
Net Income Continuous Operations $4,251,736,602 $4,124,044,183 $3,933,908,767 $-1,388,479,659
Pretax Income $4,977,197,930 $4,974,391,503 $4,526,766,428 $-2,201,641,825
Per Share
Diluted EPS $2.15 $1.99 $1.83 $2.58
Basic EPS $2.16 $2.00 $1.84 $2.58
Other
Tax Effect Of Unusual Items $0 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Reconciled Depreciation $-1,283,238,654 $-1,057,321,297 $-994,176,694 $-1,034,168,276
EBIT $6,050,656,181 $6,153,792,366 $5,617,063,240 $-1,464,253,183
Diluted Average Shares $1,198,344,244 $1,252,367,960 $1,289,553,115 $1,342,173,617
Basic Average Shares $1,194,836,210 $1,248,158,319 $1,286,746,688 $1,340,068,797
Diluted NI Availto Com Stockholders $3,684,136,782 $3,559,952,396 $3,367,712,160 $-1,538,623,493
Preferred Stock Dividends $225,215,751 $218,199,684 $212,586,830 $182,417,742
Minority Interests $-195,046,663 $-173,296,855 $-101,031,365 $-84,894,411
Tax Provision $725,461,328 $850,347,320 $592,857,662 $-813,162,165
Selling General And Administration $3,438,574,437 $3,409,106,955 $3,037,957,011 $2,617,694,598
Net Policyholder Benefits And Claims $24,237,705,058 $21,379,359,362 $20,085,596,608 $13,579,597,678
Policyholder Benefits Gross $30,463,762,914 $27,043,430,252 $23,651,863,464 $17,585,771,936
Policyholder Benefits Ceded $6,226,057,856 $5,664,070,889 $3,566,266,856 $4,006,174,257
Otherunder Preferred Stock Dividend - - - $-117,168,319
Other Gand A - - - $2,617,694,598
Fetched: 2026-10-12
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $27,105,171,641 $28,405,950,463 $25,949,625,406 $25,454,291,076
Total Assets $719,450,663,201 $686,745,266,881 $614,308,584,746 $584,921,788,116
Goodwill And Other Intangible Assets $8,646,600,971 $7,754,157,248 $7,233,565,077 $7,380,200,877
Other Intangible Assets $3,821,651,695 $3,351,575,206 $3,080,755,020 $3,160,738,184
Loans Receivable $38,249,492,464 $1,620,711,477 $1,709,113,921 $31,425,665,700
Cash Cash Equivalents And Short Term Investments $18,735,003,710 $18,093,735,186 $14,269,277,065 $13,437,873,125
Cash And Cash Equivalents $18,735,003,710 $18,093,735,186 $14,269,277,065 $13,437,873,125
Fixed Assets Revaluation Reserve - - - $15,435,347
Receivables - - - $1,015,926,502
Accounts Receivable - - - $1,015,926,502
Debt
Total Debt $10,296,078,322 $9,935,452,479 $8,937,066,145 $8,669,052,385
Long Term Debt And Capital Lease Obligation $9,074,581,058 $9,935,452,479 $8,520,311,765 $8,237,564,265
Long Term Debt $9,074,581,058 $9,935,452,479 $8,520,311,765 $8,237,564,265
Current Debt And Capital Lease Obligation $1,221,497,265 $0 $416,754,380 $431,488,120
Current Debt $1,221,497,265 $0 $416,754,380 $431,488,120
Liabilities
Total Liabilities Net Minority Interest $682,624,730,732 $649,588,176,049 $580,121,395,075 $551,086,103,402
Derivative Product Liabilities $10,068,757,752 $9,999,298,688 $8,229,846,591 $10,025,258,136
Non Current Deferred Liabilities $1,415,842,321 $1,326,036,663 $1,190,626,570 $1,077,667,891
Non Current Deferred Taxes Liabilities $1,415,842,321 $1,326,036,663 $1,190,626,570 $1,077,667,891
Current Notes Payable $1,221,497,265 $0 $416,754,380 $431,488,120
Minimum Pension Liabilities - - - $-68,055,850
Equity
Common Stock Equity $31,079,071,990 $31,487,407,089 $28,510,489,861 $28,161,791,331
Preferred Stock Equity $4,672,700,622 $4,672,700,622 $4,672,700,622 $4,672,700,622
Total Equity Gross Minority Interest $36,825,932,470 $37,157,090,832 $34,187,189,671 $33,835,684,714
Stockholders Equity $35,751,772,612 $36,160,107,711 $33,183,190,483 $32,834,491,953
Other Equity Interest $586,543,201 $397,810,999 $180,312,922 $-54,023,716
Gains Losses Not Affecting Retained Earnings $12,723,637,504 $13,094,085,842 $9,689,890,134 $9,719,357,615
Other Equity Adjustments $20,180,313,512 $21,798,218,562 $17,731,004,522 $22,858,346,286
Retained Earnings $3,524,872,061 $3,342,454,319 $3,381,042,687 $2,769,241,645
Other
Preferred Shares Number $64,547,816 $71,563,883 $71,563,883 $71,563,883
Ordinary Shares Number $1,176,721,202 $1,212,891,783 $1,267,129,077 $1,308,424,739
Share Issued $1,176,721,202 $1,212,891,783 $1,267,129,077 $1,308,424,739
Tangible Book Value $22,432,471,019 $23,733,249,841 $21,276,924,784 $20,781,590,454
Invested Capital $41,375,150,312 $41,422,859,568 $37,447,556,006 $36,830,843,716
Total Capitalization $44,826,353,670 $46,095,560,190 $41,703,502,248 $41,072,056,218
Minority Interest $1,074,159,858 $996,983,121 $1,003,999,188 $1,001,192,761
Foreign Currency Translation Adjustments $4,128,955,430 $5,140,672,291 $3,368,413,767 $4,152,108,451
Unrealized Gain Loss $-11,585,631,437 $-13,844,805,011 $-11,409,528,155 $-17,291,097,122
Additional Paid In Capital $139,619,733 $143,127,767 $155,756,687 $166,982,395
Capital Stock $18,777,100,112 $19,182,628,785 $19,776,188,053 $20,232,934,015
Common Stock $14,104,399,490 $14,509,928,163 $15,103,487,431 $15,560,233,393
Preferred Stock $4,672,700,622 $4,672,700,622 $4,672,700,622 $4,672,700,622
Investments And Advances $178,969,345,070 $171,434,790,718 $166,757,880,456 $159,518,000,919
Goodwill $4,824,949,276 $4,402,582,042 $4,152,810,057 $4,219,462,694
Net PPE $1,845,927,228 $1,876,096,316 $1,817,862,960 $2,000,982,308
Treasury Shares Number - - $0 -
Fetched: 2026-10-12
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $22,525,083,104 $18,588,367,910 $14,328,913,634 $11,666,316,208
Operating Activities
Operating Cash Flow $22,525,083,104 $18,588,367,910 $14,328,913,634 $11,666,316,208
Cash Flow From Continuing Operating Activities $22,525,083,104 $18,588,367,910 $14,328,913,634 $11,666,316,208
Operating Gains Losses $-4,293,833,004 $-603,381,762 $-1,996,071,062 $9,517,294,886
Investing Activities
Investing Cash Flow $-19,901,074,046 $-12,950,958,075 $-9,626,043,924 $-12,909,563,280
Cash Flow From Continuing Investing Activities $-19,901,074,046 $-12,950,958,075 $-9,626,043,924 $-12,909,563,280
Net Other Investing Changes $76,041,537,359 $79,254,194,439 $49,324,354,223 $65,487,969,378
Financing Activities
Repurchase Of Capital Stock $-1,705,605,888 $-2,295,657,122 $-1,119,062,686 $-1,820,669,386
Issuance Of Capital Stock $51,217,289 $101,031,365 $65,951,030 $710,727,587
Financing Cash Flow $-1,437,592,128 $-2,928,506,366 $-3,537,500,981 $-1,478,986,924
Cash Flow From Continuing Financing Activities $-1,437,592,128 $-2,928,506,366 $-3,537,500,981 $-1,478,986,924
Net Other Financing Charges $1,850,136,868 $279,941,073 $-637,760,490 $1,159,054,268
Cash Dividends Paid $-2,318,810,144 $-2,216,375,565 $-2,085,175,112 $-1,955,377,873
Common Stock Dividend Paid $-2,318,810,144 $-2,216,375,565 $-2,085,175,112 $-1,955,377,873
Net Common Stock Issuance $-1,654,388,599 $-2,194,625,758 $-1,053,111,657 $-1,305,690,069
Common Stock Issuance $51,217,289 $101,031,365 $65,951,030 $16,136,954
Net Preferred Stock Issuance - - $0 $195,748,269
Preferred Stock Issuance - - $0 $694,590,633
Other
Repayment Of Debt $-777,380,224 $-1,406,019,827 $-489,721,477 $-785,799,504
Issuance Of Debt $1,794,709,939 $2,285,834,629 $1,214,481,198 $970,322,066
Interest Paid Supplemental Data $1,062,934,150 $1,104,328,946 $1,086,087,172 $670,034,398
Income Tax Paid Supplemental Data $530,414,665 $529,713,058 $305,900,521 $868,589,095
End Cash Position $18,113,380,174 $17,499,474,311 $13,950,747,623 $13,074,440,854
Beginning Cash Position $17,499,474,311 $13,950,747,623 $13,074,440,854 $15,386,234,931
Effect Of Exchange Rate Changes $-572,511,067 $839,823,220 $-289,061,960 $410,439,920
Changes In Cash $1,186,416,930 $2,708,903,469 $1,165,368,729 $-2,722,233,996
Common Stock Payments $-1,705,605,888 $-2,295,657,122 $-1,119,062,686 $-1,321,827,023
Net Issuance Payments Of Debt $1,017,329,715 $879,814,802 $724,759,721 $184,522,562
Net Long Term Debt Issuance $1,017,329,715 $879,814,802 $724,759,721 $184,522,562
Long Term Debt Payments $-777,380,224 $-1,406,019,827 $-489,721,477 $-785,799,504
Long Term Debt Issuance $1,794,709,939 $2,285,834,629 $1,214,481,198 $970,322,066
Net Business Purchase And Sale $-895,951,756 $-208,377,190 $-701,607 $-127,692,419
Purchase Of Business $-895,951,756 $-208,377,190 $-701,607 $-127,692,419
Change In Working Capital $24,102,294,965 $16,060,478,970 $13,153,020,805 $7,775,907,056
Change In Other Working Capital $11,885,919,105 $9,517,294,886 $4,659,370,095 $3,478,566,019
Other Non Cash Items $-6,314,460 $49,814,076 - $-1,716,831,595
Amortization Of Securities $-241,352,705 $-203,465,943 $-98,926,545 $-91,910,478
Deferred Tax $-4,209,640 $218,199,684 $329,755,149 $-1,399,003,760
Deferred Income Tax $-4,209,640 $218,199,684 $329,755,149 $-1,399,003,760
Depreciation And Amortization $-1,283,238,654 $-1,057,321,297 $-994,176,694 $-1,034,168,276
Amortization Cash Flow $-1,283,238,654 $-1,057,321,297 $-994,176,694 $-1,034,168,276
Amortization Of Intangibles $-1,283,238,654 $-1,057,321,297 $-994,176,694 $-1,034,168,276
Gain Loss On Investment Securities $-4,293,833,004 $-603,381,762 $-1,996,071,062 $9,583,947,522
Net Income From Continuing Operations $4,251,736,602 $4,124,044,183 $3,933,908,767 $-1,388,479,659
Stock Based Compensation - $0 $1,403,213 $3,508,034
Preferred Stock Payments - - $0 $-498,842,364
Gain Loss On Sale Of Business - - $0 $-66,652,636
Fetched: 2026-10-12