Manulife Financial Corp.

Manulife Financial Corp.

MFC

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Market Cap$73.97B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Manulife Financial Corp.Manulife Financial Corp.17.72.99%13%1.30.3

Earnings Call Q2 2026

August 6, 2026 - AI Summary

Strong Q2 2026 operating performance (growth + value creation) - APE sales +21% YoY, with double-digit growth across all insurance segments and >20% growth in both Canada and Asia. - New business CSM +16% YoY; CSM balance +20%—supports future earnings generation. - Core EPS +16% YoY, driven by ~12% growth in core earnings plus ongoing share buybacks. - Core ROE 16.3%, up 130 bps YoY; LICAT 136% (well above supervisory target) and leverage 22.2% (below medium-term target).
Global WAM momentum: record flows but mixed channel net flows - Gross flows were record; resulted in net inflows of $0.4B in the quarter. - Institutional business strength (CQS/Comvest continued contributions) offset outflows in North American Retirement and retail. - Core earnings +9% YoY in Global WAM (noting headwind from transition to eMPF in Hong Kong). - Core EBITDA margin 31.2%, +110 bps YoY (margin expansion despite transition impacts).
Regional earnings picture: Asia strong; Canada softer; US “improving/within variability” - Asia: core earnings +21% YoY to a record level (supported by growth and net favorable impact from last year’s basis change, partially offset by less favorable insurance experience). - Canada: APE sales +23% YoY and new business CSM +29%, but core earnings -10% YoY due to unfavorable claims/expense in group insurance and insurance variability. - Outlook expectation: Canada overall insurance experience trending to neutral by end of 2026, but elevated expenses from transformation investments persist through year-end. - U.S.: APE +12% YoY; core earnings rebounded YoY driven by improved claims in life and LTC and lower ECL, partially offset by lower investment spreads. - U.S. life claims unfavorable this quarter but management sees it as within normal variability and close to neutral YTD; LTC experience favorable.

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$-0.71

Current Fair Value

101.6% downside

Overvalued by 101.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$73.97 Billion
Enterprise Value$72.88 Billion
Dividend Yield$1.34 (2.99%)
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 Ratio17.65P/E Ratio
PEG15.38PEG
Price to Sales1.25Price to Sales
Price to Book Ratio1.41Price to Book Ratio
Enterprise Value to Revenue1.2
Enterprise Value to EBIT7.75
Enterprise Value to Net Income11
Total Debt to Enterprise0.18
Debt to Equity0.27Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 5, 2026
EPS Estimate
$0.78
Average shareholder expectation
Revenue Estimate
$7.28 B
Average shareholder expectation

Next Earnings Call

Expected Date
November 4, 2026
EPS Estimate
$0.82
Average shareholder expectation
Revenue Estimate
$7.44 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio6.3388 269.57%
Total Calls12,100 99.63%
Total Puts76,700 99.36%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %6.82% 37.55%
Total Invested$4.76B 81.76%
Investors Holding445 349.00%

ESG Score

No data

About Manulife Financial Corp.

CEO: Donald Guloien