Manulife Financial Corp

NYSE:MFC USA Insurance - Life
Market Cap
$57.91 Billion
Market Cap Rank
#379 Global
#302 in USA
Share Price
$34.54
Change (1 day)
+1.26%
52-Week Range
$26.93 - $38.55
All Time High
$38.55
Categories
Companies in USA Insurance - Life
About

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. It operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail… Read more

Manulife Financial Corp (MFC) - Net Assets

Latest net assets as of December 2025: $52.45 Billion USD

Based on the latest financial reports, Manulife Financial Corp (MFC) has net assets worth $52.45 Billion USD as of December 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.02 Trillion) and total liabilities ($972.15 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets $52.45 Billion
% of Total Assets 5.12%
Annual Growth Rate 7.85%
5-Year Change 44.42%
10-Year Change 22.47%
Growth Volatility 325.89

Manulife Financial Corp - Net Assets Trend (1998–2025)

This chart illustrates how Manulife Financial Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Manulife Financial Corp (1998–2025)

The table below shows the annual net assets of Manulife Financial Corp from 1998 to 2025.

Year Net Assets Change
2025-12-31 $52.45 Billion -0.97%
2024-12-31 $52.96 Billion +8.69%
2023-12-31 $48.73 Billion -13.57%
2022-12-31 $56.38 Billion +55.25%
2021-12-31 $36.31 Billion -95.80%
2020-12-31 $863.74 Billion +8.58%
2019-12-31 $795.50 Billion +1587.12%
2018-12-31 $47.15 Billion +11.83%
2017-12-31 $42.16 Billion -1.54%
2016-12-31 $42.82 Billion +2.11%
2015-12-31 $41.94 Billion +23.62%
2014-12-31 $33.93 Billion +16.85%
2013-12-31 $29.03 Billion +15.96%
2012-12-31 $25.04 Billion +1.15%
2011-12-31 $24.75 Billion -89.42%
2010-12-31 $233.97 Billion +729.61%
2009-12-31 $28.20 Billion +2.72%
2008-12-31 $27.45 Billion +12.15%
2007-12-31 $24.48 Billion -5.33%
2006-12-31 $25.86 Billion +11.78%
2005-12-31 $23.13 Billion -0.45%
2004-12-31 $23.24 Billion +125.71%
2003-12-31 $10.29 Billion +4.98%
2002-12-31 $9.81 Billion +4.81%
2001-12-31 $9.36 Billion +23.07%
2000-12-31 $7.60 Billion -4.53%
1999-12-31 $7.96 Billion +16.94%
1998-12-31 $6.81 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Manulife Financial Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 501990600000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings $5.02 Billion 10.02%
Common Stock $20.09 Billion 40.11%
Other Comprehensive Income $18.12 Billion 36.18%
Other Components $6.85 Billion 13.68%
Total Equity $50.08 Billion 100.00%

Manulife Financial Corp Competitors by Market Cap

The table below lists competitors of Manulife Financial Corp ranked by their market capitalization.

Company Market Cap
Snowflake Inc.
NYSE:SNOW
 		$57.95 Billion
Shandong Zhongji Electrical Equipment Co Ltd
SHE:300308
 		$58.48 Billion
Canadian National Railway Company
NYSE:CNI
 		$58.49 Billion
National Australia Bank Ltd
PINK:NAUBF
 		$58.68 Billion
Bharti Airtel Limited
NSE:BHARTIARTL
 		$57.71 Billion
Sempra Energy
NYSE:SRE
 		$57.10 Billion
AB Volvo (publ)
PINK:VOLAF
 		$57.01 Billion
ITOCHU Corporation
PINK:ITOCF
 		$56.96 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Manulife Financial Corp's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 51,539,000,000 to 50,080,155,000, a change of -1,458,845,000 (-2.8%).
  • Net income of 5,782,000,000 contributed positively to equity growth.
  • Dividend payments of 3,302,306,643 reduced retained earnings.
  • Share repurchases of 2,429,018,895 reduced equity.
  • New share issuances of 73,000,000 increased equity.
  • Other comprehensive income decreased equity by 542,779,000.
  • Other factors decreased equity by 1,039,740,462.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income $5.78 Billion +11.55%
Dividends Paid $3.30 Billion -6.59%
Share Repurchases $2.43 Billion -4.85%
Share Issuances $73.00 Million +0.15%
Other Comprehensive Income $-542.78 Million -1.08%
Other Changes $-1.04 Billion -2.08%
Total Change $- -2.83%

Book Value vs Market Value Analysis

This analysis compares Manulife Financial Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.18x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 9.64x to 1.18x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-12-31 $3.58 $34.54 x
1999-12-31 $3.84 $34.54 x
2000-12-31 $3.84 $34.54 x
2001-12-31 $4.41 $34.54 x
2002-12-31 $4.65 $34.54 x
2003-12-31 $4.92 $34.54 x
2004-12-31 $12.47 $34.54 x
2005-12-31 $12.65 $34.54 x
2006-12-31 $13.65 $34.54 x
2007-12-31 $12.94 $34.54 x
2008-12-31 $14.57 $34.54 x
2009-12-31 $15.33 $34.54 x
2010-12-31 $14.21 $34.54 x
2011-12-31 $13.01 $34.54 x
2012-12-31 $13.61 $34.54 x
2013-12-31 $15.24 $34.54 x
2014-12-31 $17.80 $34.54 x
2015-12-31 $20.92 $34.54 x
2016-12-31 $21.28 $34.54 x
2017-12-31 $20.76 $34.54 x
2018-12-31 $23.17 $34.54 x
2019-12-31 $24.92 $34.54 x
2020-12-31 $26.53 $34.54 x
2021-12-31 $29.38 $34.54 x
2022-12-31 $28.65 $34.54 x
2023-12-31 $25.73 $34.54 x
2024-12-31 $28.87 $34.54 x
2025-12-31 $29.32 $34.54 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Manulife Financial Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 11.55%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.91%
  • • Asset Turnover: 0.05x
  • • Equity Multiplier: 20.46x
  • Recent ROE (11.55%) is above the historical average (9.33%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 10.46% 6.69% 0.20x 7.80x $31.03 Million
1999 12.05% 6.16% 0.25x 7.89x $147.60 Million
2000 14.83% 7.54% 0.24x 8.34x $348.33 Million
2001 14.07% 7.19% 0.21x 9.48x $337.70 Million
2002 15.66% 8.29% 0.20x 9.28x $495.20 Million
2003 16.59% 9.22% 0.21x 8.37x $610.20 Million
2004 10.88% 9.46% 0.15x 7.86x $206.50 Million
2005 13.84% 10.07% 0.18x 7.64x $912.30 Million
2006 15.47% 11.61% 0.18x 7.26x $1.40 Billion
2007 17.38% 11.90% 0.20x 7.25x $1.80 Billion
2008 1.89% 1.57% 0.16x 7.70x $-2.22 Billion
2009 4.86% 3.50% 0.20x 7.12x $-1.48 Billion
2010 -6.23% -4.42% 0.09x 15.90x $-4.33 Billion
2011 0.89% 0.44% 0.11x 18.88x $-2.23 Billion
2012 6.67% 6.08% 0.06x 18.95x $-852.50 Million
2013 10.88% 17.83% 0.03x 17.92x $252.30 Million
2014 10.53% 6.64% 0.09x 17.32x $175.80 Million
2015 5.37% 6.77% 0.05x 17.04x $-1.91 Billion
2016 7.11% 5.78% 0.07x 17.13x $-1.22 Billion
2017 5.02% 3.65% 0.08x 17.69x $-2.06 Billion
2018 10.15% 12.54% 0.05x 16.29x $67.20 Million
2019 10.78% 6.77% 0.10x 16.55x $379.50 Million
2020 10.33% 6.91% 0.09x 17.08x $170.90 Million
2021 11.64% 11.12% 0.07x 16.05x $939.50 Million
2022 -3.84% -8.69% 0.03x 15.52x $-7.57 Billion
2023 11.55% 0.00% -0.01x 18.51x $733.40 Million
2024 10.93% 0.00% -0.01x 18.99x $477.10 Million
2025 11.55% 10.91% 0.05x 20.46x $773.98 Million

Industry Comparison

This section compares Manulife Financial Corp's net assets metrics with peer companies in the Insurance - Life industry.

Industry Context

  • Industry: Insurance - Life
  • Average net assets among peers: $52,810,304,913
  • Average return on equity (ROE) among peers: 25.39%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Manulife Financial Corp (MFC) $52.45 Billion 10.46% 18.54x $57.82 Billion
AIA Group Ltd (AAIGF) $181.58 Billion 2.29% 0.02x $75.83 Billion
Atlantic American Corporation (AAME) $31.80 Million 29.56% 5.46x $10.89 Million
Abacus Life Inc. (ABL) $766.89K 130.06% 1.40x $276.35 Million
Abacus Global Management, Inc. (ABX) $1.30 Million 50.90% 0.12x $92.43K
Aflac Incorporated (AFL) $1.75 Billion 16.71% 10.58x $56.35 Billion
Anadolu Hayat Emeklilik Anonim Sirketi (AUHYF) $1.88 Billion 37.14% 26.33x $90.55 Million
Brighthouse Financial Inc (BHF) $14.86 Billion -19.78% 13.93x $3.36 Billion
Challenger Limited (CFIGF) $3.25 Billion -12.80% 7.79x $1.66 Billion
Citizens Inc (CIA) $28.30 Million 19.53% 3.74x $217.00 Million
China Life Insurance Co Ltd (CILJF) $324.71 Billion 0.30% 0.01x $16.34 Billion