Manulife Financial Corp.

Manulife Financial Corp.

MFC

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Market Cap$67.24B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Manulife Financial Corp.Manulife Financial Corp.16.33.23%13%1.20.3

Earnings Call Q1 2026

May 14, 2026 - AI Summary

Strong consolidated operating momentum; solid EPS growth - Core EPS +11% YoY (in line with medium-term target), supported by Asia strength (+22% core earnings YoY) and share buybacks. - Adjusted book value per share +6% YoY to $39.01 and capital returned remains significant despite ongoing investment. - Balance sheet resilience: LICAT 136% (about $25B above supervisory target) and financial leverage 22.5% (well below 25% target).
Insurance segment performance: strong CSM growth; mixed experience—Canada is the main negative - New business CSM +16% YoY and double-digit growth in new business CSM across segments; CSM balance +18% (strengthens future earnings power). - Asia: APE sales +11% YoY with record Q1, and core earnings +22% YoY; Japan especially strong with positive product momentum (new whole life and ILP products); management expects fundamentals are sustainable though quarterly variability can occur. - U.S.: APE sales +29% YoY (strong demand for insurance accumulation + differentiated “Vitality” solutions); management notes the U.S. block is virtually entirely adjustable (reduced long-duration guarantee exposure), implying investment income may decline over time but CSM amortization should rise—they cite Q4/Q1 U.S. core earnings run-rate ~ $230M–$240M.
Global Wealth & Asset Management (WAM): net flows remain challenged, but improving run-rate expectations - WAM net outflows $4.4B (vs. prior year), due mainly to active mutual fund redemption pressure in North America (including a couple large model redemptions worth $3.4B of the outflow) and U.S. retirement higher plan redemptions. - Institutional inflows partially offset outflows, including from Comvest and CQS; record gross flows $56B and ETF strength noted (top-line momentum remains). - Core earnings +2% YoY modest, with headwinds from the Hong Kong eMPF transition; however management guided Q2 core earnings run-rate to increase ~ $25M (and if markets hold, a further tailwind).

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$-0.70

Current Fair Value

101.7% downside

Overvalued by 101.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$67.24 Billion
Enterprise Value$66.16 Billion
Dividend Yield$1.34 (3.23%)
Earnings per Share$3.08
Beta0.78
Outstanding Shares1,703,000,000

Return

Return on Equity12.65%ROE
Return on Assets0.62%
Return on Invested Capital0.91%

Valuation & Multiples

P/E Ratio16.34P/E Ratio
PEG14.24PEG
Price to Sales1.18Price to Sales
Price to Book Ratio1.33Price to Book Ratio
Enterprise Value to Revenue1.09
Enterprise Value to EBIT7.04
Enterprise Value to Net Income10
Total Debt to Enterprise0.2
Debt to Equity0.27Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 13, 2026
EPS Estimate
$0.79
Average shareholder expectation
Revenue Estimate
$2.32 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 5, 2026
EPS Estimate
$0.80
Average shareholder expectation
Revenue Estimate
$2.35 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio3.6431▼ 170.92%
Total Calls3,271,400▼ 5.74%
Total Puts11,918,100▼ 35.84%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %44.36%▼ 2.47%
Total Invested$26.09B▼ 9.91%
Investors Holding792▲ 7.00%

ESG Score

No data

About Manulife Financial Corp.

CEO: Donald Guloien

Relevant Senate Committees

Joint Committee on Taxation

This committee's analysis and scoring of tax legislation directly influences corporate tax structures, capital investment credits, and the overall tax burden on financial markets and industries, which are critical for Manulife's financial planning and profitability.

Finance

This is one of the most powerful economic committees. Its control over taxation directly impacts Manulife's profitability and investment decisions, while entitlement spending (e.g., Medicare) influences the broader health and retirement landscape that Manulife operates in.

Agriculture, Nutrition, and Forestry

This committee oversees the CFTC, which regulates the derivatives and futures markets. As a large financial institution, Manulife likely uses these instruments extensively for hedging and investment, making direct regulation by the CFTC highly relevant.

Health, Education, Labor, and Pensions

This committee directly impacts Manulife through its oversight of pensions and retirement plans, health-related aspects that affect actuarial science, and labor laws that govern Manulife as an employer.

Banking, Housing, and Urban Affairs

This committee directly regulates the entire financial system, including federal oversight of financial institutions and systemic risk. Its decisions on capital requirements, financial stability, and broader financial market regulation profoundly impact Manulife.