profit from every $100 of sales.
$0$100
Manulife Financial
$44.48+0.54% today
+32.6% in 1 year
1-year low $33.401-year high $45.99
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $18.10 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Manulife Financial sold, what it kept, and what it did with the cash.
Sales went from CA$24.2 billion in 2022 to CA$53.0 billion in 2025, with CA$5.78 billion of profit last year.
SalesProfit
Manulife Financial handed back 18% of the cash it generated last year.
Buybacks CA$2.4BCA$3.3B
Free cash flow 2025CA$32.1B
Bought back its own sharesCA$2.4B
Paid as dividendsCA$3.3B
Cash vs. debtCA$26.7B vs. CA$14.7B
Manulife Financial vs. similar companies
Manulife Financial grows the fastest of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Manulife Financial | 18.1× · Fair price | ||
 China Life Insurance | 6.4× · Cheap | ||
 Ping An Insurance (Group) Company of China | 7.2× · Cheap | ||
 AIA Group | 16.6× · Fair price | ||
 Fubon Financial | 18.0× · Fair price |
Compare Manulife Financial with i BBCA ID SDR 1to2 · Mastercard · Moody's · S&P Global · Visa
AI analysis
An AI analyst reads Manulife Financial's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of CAD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 24,159 | -7,037 | -7,288 | 53,014 | |
| – | – | – | – | |
| – | – | – | – | |
| -3,561 | 6,589 | 7,264 | 6,795 | |
| -2,100 | 5,463 | 5,631 | 5,782 | |
| 3.68 | 2.61 | 2.84 | 3.07 | |
| – | – | – | – | |
| – | – | – | – | |
| -8.7% | -77.6% | -77.3% | 10.9% |
Balance sheet
| In millions of CAD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 833,689 | 875,574 | 978,818 | 1,025,433 |
| Cash | 19,153 | 20,338 | 25,789 | 26,703 |
| Total debt | 12,356 | 12,738 | 14,161 | 14,675 |
| Total liabilities | 785,463 | 826,847 | 925,858 | 972,945 |
| 46,799 | 47,296 | 51,539 | 50,957 | |
| 1,913 | 1,838 | 1,785 | 1,708 | |
| -2.8% | 10.5% | 10.5% | 10.4% | |
| -4.5% | 11.6% | 10.9% | 11.3% |
Cash flow
| In millions of CAD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 16,628 | 20,423 | 26,494 | 32,105 | |
| – | – | – | – | |
| 16,628 | 20,423 | 26,494 | 32,105 | |
| Dividends paid | 2,787 | 2,972 | 3,159 | 3,305 |
| 2,595 | 1,595 | 3,272 | 2,431 | |
| 5 | 2 | 0 | – |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 18.1×
- 9.5×
- –
- 2.1×
- 2.0×
- 5.5%
- 3.2%
Profitability
- 10.9%
- 10.6%
- 7.4%
- 12.7%
- 0.6%
Growth
- +29.9%
- −5.9%
- +8.4%
- −3.7%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 25%of 749
Bottom 36%of 604
Bottom 36%of 872
Top 17%of 883
Top 5%of 931
What analysts expect
- Average price target
- $51.00
- Range
- $51.00 – $51.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 13, 2026 | 0.77 | 0.79 | −2.5% |
| Feb 11, 2026 | 0.80 | 0.76 | +5.3% |
| Nov 12, 2025 | 0.84 | 0.74 | +13.5% |
| Aug 6, 2025 | 0.69 | 0.71 | −2.8% |
| May 7, 2025 | 0.69 | 0.70 | −1.4% |
| Feb 19, 2025 | 0.74 | 0.67 | +10.4% |
| Nov 6, 2024 | 0.73 | 0.70 | +4.3% |
| Aug 7, 2024 | 0.66 | 0.64 | +3.1% |
3.2%of the share price, paid each year
On $1,000 invested$32a year at today's yield, before tax
+8.4%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.52 in 2015 → $1.25 in 2025
How safe it looks
57.2% of its profit
Room to growStretchedMore than it earns: 10.3%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
51No pass
Benjamin Graham
42No pass
Philip Fisher
61Pass
Peter Lynch
47No pass
Joel Greenblatt
43No pass
Charlie Munger
47No pass
Terry Smith
39No pass
Questions about Manulife Financial
Is Manulife Financial a good stock to buy?
A solid business at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Manulife Financial AI analysis
What does Manulife Financial do?
Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. It is in Insurance - Life, based in Toronto, ON, Canada, with 37,000 employees.
Does Manulife Financial pay a dividend?
Yes. At today's price the dividend is 3.2% a year, about 57% of its yearly profit. In 2025 it paid out $3.31 billion in dividends.
Is Manulife Financial stock halal?
No. Manulife Financial does not pass our halal screen: its main business, conventional insurance, is not permitted. How we check
How has Manulife Financial stock done over the past year?
Up 32.6% over the past twelve months, to $44.48. It traded between $33.40 and $45.99 and is 3.3% below its high.
Who are Manulife Financial's competitors?
The largest listed companies in the same industry are China Life Insurance, Ping An Insurance (Group) Company of China, AIA Group and Fubon Financial. The peers table on this page compares their profit, growth and price with Manulife Financial's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.