Manulife Financial Corporation (MFC) AI Stock Analysis

Established in 1887 and headquartered in Toronto, Canada, Manulife Financial Corporation offers financial products and services across Asia, Canada, the United States, and other international markets. The company operates through three segments: Wealth and Asset Management Businesses, Insurance and Annuity Products, and Corporate and Other. Wealth and Asset Management provides mutual funds, exchange-traded funds (ETFs), group retirement and savings products, and institutional asset management. The Insurance and Annuity Products segment provides individual life insurance, long-term care insurance, deposit and credit products, and guaranteed and partially guaranteed annuities.

In FY2025, Manulife reported revenue of $53.01B, operating margin of 13.4%, and net income of $5.78B with a net margin of 10.9%. This followed accounting-impacted revenues of -$7.04B in FY2023 and -$7.29B in FY2024, which still yielded net income of $5.46B and $5.63B, respectively. In FY2021, revenue was $59.84B with net income of $6.66B, before dropping to $24.16B with net income of -$2.10B in FY2022. Over the 5-year period from FY2020 to FY2025, revenue CAGR was -7.2%. For the trailing twelve months ended June 30, 2026, revenue stood at $33.11B with a profit margin of 20.3%. In the latest quarter, revenue grew 10.7% year-over-year and earnings rose 22.4%.

As of June 30, 2026, Manulife held $37.92B in cash and short-term investments against total debt of $14.13B, resulting in net cash of $23.79B. Shareholders' equity was $53.26B against total assets of $1.09T, with a current ratio of 2.36 and a debt-to-equity ratio of 0.27. Operating cash flow and free cash flow reached $32.08B in FY2025. During FY2025, the company deployed capital by paying $3.30B in dividends and repurchasing $2.43B of shares. Its share count declined 14.2% over 5 years.

MFC trades at a trailing P/E of 16.6x and a forward P/E of 12.2x, compared to medians of 12.1x and 10.8x for the median of its US-listed Financial Services peers. The stock has a PEG ratio of 0.88, price-to-sales of 2.2x below the peer median of 3.2x, and price-to-book of 2.2x. Over the past year, the stock returned 45.3%, outperforming the S&P 500 return of 16.8%. Over a 5-year horizon, MFC generated a return of 178.4% compared to 83.0% for the S&P 500. MFC last closed at $44.34, which is 13.4% above its 200-day average.

Manulife has paid dividends for 27 consecutive years. The forward annual dividend is $1.36 per share, providing a dividend yield of 3.07% as of the October 16, 2026 close of $44.34. The dividend payout ratio stands at 33.2%, and the 5-year annualized dividend growth rate is 2.3%. Dividends are distributed quarterly, with the last ex-dividend date on August 21, 2026.

Analyst ratings consist of 6 Strong Buy, 4 Buy, 3 Hold, and 2 Sell recommendations. The mean price target is $34.49, which is 22.2% below the last close of $44.34. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $4.50 on revenue of $51.75B. For the next fiscal year, 15 analysts project EPS of $5.01 and revenue of $53.73B. Manulife beat EPS expectations in 3 of the last 4 quarters, with next earnings scheduled for November 4, 2026.

This page is an AI-written research summary of Manulife Financial Corporation (MFC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: MFC income statement, MFC balance sheet, MFC key metrics, MFC analyst forecast, MFC chart. See the MFC stock overview for the latest quote and news.