80/ 100
Capital adequacy — cross-regime normalized
Strong
Reported under Canadian LICAT — normalized to a common 0–100 band so US, Canadian and European insurers compare like-for-like. Open methodology; see sourcing below.
Capital & Solvency (LICAT)
| Capital adequacy (normalized) | Strong (80/100) |
| LICAT Total Ratio | 136% |
| LICAT Core Ratio | 111% |
| Available capital | C$75.5B |
| Base solvency buffer (required) | C$68.6B |
| Regulatory minimum | 90% Total / 55% Core |
| As of | Q1-2026 |
Public regulatory capital filing (LICAT), The Manufacturers Life Insurance Company, Q1-2026 — figures in C$.
Reinsurance & capital structurehow reserve risk is financed
Manulife Financial's capital adequacy is Strong.
Affiliated captives from the Exhibit 21 entity list; external cedants from the firm's counterparty map; capital from public statutory/regulatory filings. Indicative.