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Manulife Financial Corp

Company price
64.18 CAD 1.38 ( 2.20%)
Last update at 2026-11-04T20:48:00Z
VOLUME
2635724
Market Cap
87423.89M
P/E
17.14

Momentum Score

…

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.

Source: TradingView
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Day Price Range
63.09
Low
64.29
High
52 Week Price Range
39.63
Low
53.60
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Manulife Financial Corporation is a global insurer and asset manager providing life insurance, group benefits, retirement solutions and wealth management across Canada, the U.S. and Asia. Long-term growth may be supported by rising retirement and wealth needs in Asia, asset-management scale and digital distribution, offering diversified fee and insurance cashflows and large assets under management.
Principal risks include sensitivity to interest rates and market volatility that can compress investment spreads and fees, policyholder behavior and longevity uncertainty, regulatory or reserving changes, and concentrated exposure to Asian market and currency risk.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
62.80
Dividend Yield
3.34%
Revenue TTM
30975.00M
Revenue Per Share
18.19
Gross Profit TTM
15270.00M
Debt / Equity
0.29
ROE
11.49%
Net Debt
-12028.00M
ROCE
0.88%
Diluted EPS TTM
3.05

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 7094.00M 7090.00M 6452.00M 8747.00M 8125.00M
Minority interest -278.00M -247.00M -144.00M 1.00M -255.00M
Net income 5782.00M 5631.00M 5463.00M 7183.00M 6657.00M
Selling general administrative 4901.00M 4859.00M 4330.00M 7782.00M 7828.00M
Gross profit 13525.00M 15110.00M 13681.00M 15284.00M 59841.00M
Reconciled depreciation -1829.00M -1507.00M -1417.00M 538.00M 529.00M
Ebit 8624.00M 8771.00M 8006.00M 10098.00M 8881.00M
Ebitda 6795.00M 7264.00M 6589.00M 10636.00M 9410.00M
Depreciation and amortization -1829.00M -1507.00M -1417.00M 538.00M 529.00M
Operating income 7094.00M 7090.00M 6452.00M 10098.00M 8881.00M
Other operating expenses 45920.00M 38492.00M 35857.00M 6537.00M 51716.00M
Interest expense 1530.00M 1681.00M 1554.00M 1350.00M 1011.00M
Tax provision 1034.00M 1212.00M 845.00M 1565.00M 1213.00M
Interest income 19080.00M 17480.00M 16120.00M 1350.00M 15697.00M
Net interest income -1530.00M -1681.00M -1554.00M -1350.00M -1011.00M
Income tax expense 1034.00M 1212.00M 845.00M 1565.00M 1213.00M
Total revenue 53014.00M 45582.00M 42309.00M 15284.00M 59841.00M
Total operating expenses 6431.00M 8020.00M 7229.00M 6537.00M 51716.00M
Cost of revenue 39489.00M 30472.00M 28628.00M - -
Total other income expense net 198.00M 295.00M -2994.00M -1351.00M -756.00M
Net income from continuing ops 6060.00M 5878.00M 5607.00M 7182.00M 6912.00M
Net income applicable to common shares 5292.00M 5074.00M 4800.00M 7034.00M 6890.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 1025433.00M 978818.00M 832923.00M 848941.00M 917643.00M
Intangible assets 5447.00M 4777.00M 4391.00M 4505.00M 4264.00M
Other current assets - - 23161.00M 53194.00M 52377.00M
Total liab 972945.00M 925858.00M 784196.00M 792562.00M 858774.00M
Total stockholder equity 50957.00M 51539.00M 47039.00M 54715.00M 57175.00M
Other current liab 41076.00M - 367549.00M 17079.00M 16091.00M
Common stock 20103.00M - 21527.00M 22178.00M 23093.00M
Capital stock 26763.00M 27341.00M 28187.00M 28838.00M 29474.00M
Retained earnings 5024.00M 4764.00M 4819.00M 27010.00M 23492.00M
Other liab - - - 750682.00M 822667.00M
Good will 6877.00M 6275.00M 5919.00M 6014.00M 5651.00M
Other assets 5741.00M - - 590398.00M 631634.00M
Cash 26703.00M 25789.00M 14176.00M 19153.00M 22594.00M
Cash and equivalents 26703.00M - - 19153.00M 22594.00M
Total current liabilities 42817.00M - 368143.00M 17191.00M 16759.00M
Net debt -12028.00M - -1438.00M -6797.00M -10732.00M
Short term debt 1741.00M - 594.00M 0.00M 0.00M
Short long term debt 1741.00M 0.00M 594.00M - -
Short long term debt total 14675.00M - 12738.00M 12356.00M 11862.00M
Other stockholder equity 1035.00M - 222.00M -1108.00M -971.00M
Property plant equipment - - - 1878.00M 1812.00M
Total current assets 90848.00M - 23161.00M 20601.00M 23888.00M
Long term investments 255085.00M 244346.00M 237680.00M 227423.00M 252206.00M
Net tangible assets - - - 41697.00M 44050.00M
Short term investments 9628.00M - 6162.00M 176013.00M 169801.00M
Net receivables 54517.00M - - 1448.00M 1294.00M
Long term debt 14675.00M 14161.00M 12144.00M 12356.00M 11862.00M
Accumulated other comprehensive income 18135.00M - 13811.00M -25.00M 5180.00M
Non currrent assets other 483295.00M - 12429.00M -237942.00M -262121.00M
Non current assets total 934585.00M - 809762.00M 237942.00M 262121.00M
Long term debt total 14675.00M - - 12356.00M 11862.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -18459.00M -13720.00M -18610.00M -24442.00M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities -28365.00M -18459.00M -13720.00M -18610.00M -24442.00M
Net borrowings 1450.00M 1254.00M 1033.00M -288.00M -1980.00M
Total cash from financing activities -2049.00M -4174.00M -5042.00M -3005.00M -2047.00M
Change to operating activities - - - -1377.00M -1377.00M
Net income 6060.00M 5878.00M 5607.00M 7182.00M 6912.00M
Change in cash 875.00M 5058.00M 1249.00M -3295.00M -3653.00M
Begin period cash flow 24942.00M 19884.00M 18635.00M 21930.00M 25583.00M
End period cash flow 25817.00M 24942.00M 19884.00M 18635.00M 21930.00M
Total cash from operating activities 32105.00M 26494.00M 20423.00M 17735.00M 23155.00M
Issuance of capital stock 73.00M 144.00M 94.00M 1013.00M 3222.00M
Depreciation -1829.00M -1507.00M -1417.00M 538.00M 529.00M
Other cashflows from investing activities -27088.00M -18162.00M -13719.00M -18610.00M -186.00M
Dividends paid 3305.00M -3159.00M -2972.00M 2787.00M 2500.00M
Change to account receivables - - 6641.00M -2204.00M -690.00M
Sale purchase of stock -2431.00M -3272.00M -1595.00M -2595.00M -612.00M
Other cashflows from financing activities 2164.00M 859.00M -1602.00M 3474.00M 3206.00M
Change to netincome - - - 13595.00M 16659.00M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital 34353.00M 22891.00M 18747.00M -35417.00M 10827.00M
Stock based compensation - 0.00M 2.00M 5.00M 9.00M
Other non cash items -6473.00M -1079.00M -2986.00M 44696.00M 5005.00M
Free cash flow 32105.00M 26494.00M 20423.00M 17735.00M 23155.00M

Peer Comparison*

Sector: Financial Services Industry: Insurance - Life

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
MFC
Manulife Financial Corp
1.38
2.20%
64.18 17.14 11.61 2.82 1.99 1.56
GWO
Great-West Lifeco Inc.
2.17
2.35%
94.70 16.63 13.07 1.81 2.37 1.84
MFC-PK
Manulife Financial Corp Pref K
0.04
0.15%
26.04 4.95 - 3.01 - -
MFC-PJ
Manulife Fin Non Cum Cl 1 11 Prf
0.09
0.35%
25.50 4.84 - 2.81 - -
MFC-PL
Manulife Financial Corp Pref L
0.02
0.08%
24.77 4.15 - 2.79 - -

Profile*

Manulife Financial Corp

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.

200 Bloor Street East, Toronto, ON, Canada, M4W 1E5

416-926-3000

37000

Name Title Year Born
Mr. Rocco Gori Pres, CEO & Director 1970
Mr. Philip James Witherington Chief Financial Officer NA
Mr. Scott Sears Hartz C.F.A., CFA Chief Investment Officer 1961
Ms. Marianne Harrison Pres & CEO of John Hancock 1964
Mr. Rahul Madhav Joshi Chief Operations Officer NA
Ms. Lynda D. Sullivan Exec. VP & Chief Accounting Officer NA
Mr. Shamus Edward Weiland Chief Information Officer NA
Ms. Adrienne O'Neill C.A., C.F.A., CPA Head of Investor Relations NA
Mr. James David Gallagher Gen. Counsel NA
Mr. Peter F. Wilkinson Sr. VP of Regulatory & Public Affairs NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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