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Manulife Financial

MFC$38.192026-05-29
C
Quality Score
75/100

Life & Annuity Insurance. A spread-and-fee balance sheet: premiums and deposits invested against long-duration policyholder liabilities, plus fee income.

Figures in CAD · IFRS-17 basis (history from FY2022 transition) · cross-currency USD normalization pending

Data: derived · regulatory capital · public filings (XBRL)· latest filing 2026-02-11· price 2026-05-29independently sourced

Profile
Market Cap--
Enterprise Value--
Total AssetsC$1.03T
Total EquityC$50.1B
Shares Out--
Revenue (TTM)C$8.1B
SectorLife & Annuity Insurance
Margins (TTM)
Gross--
EBITDA--
Operating--
Net68.5%
FCF--
Financial Health
Total CashC$26.7B
Total Debt--
Net DebtC$-26.7B
Debt/Equity--
ND/EBITDA--
Valuation (TTM)
P/E12.4x
P/Bn/m
EV/Salesn/m
P/OCFn/m
P/FCFn/m
EV/EBITn/m

Deep Dive Summary

1

Read an insurer through its balance sheet and investment spread, not a retailer's margin lens: net investment income, reserve adequacy, and capital strength matter more than a single operating-margin number.

2

Regulatory solvency capital — the regulator's lens, normalized cross-regime — is on the **Capital & Ratings** tab.