Manulife Financial Corp (MFC) - Net Assets

Latest as of December 2025: CA$52.49 Billion CAD ≈ $37.97 Billion USD

Based on the latest financial reports, Manulife Financial Corp (MFC) has net assets worth CA$52.49 Billion CAD (≈ $37.97 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 (CA$1.03 Trillion ≈ $741.78 Billion USD) and total liabilities (CA$972.95 Billion ≈ $703.81 Billion USD). 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 CA$52.49 Billion
% of Total Assets 5.12%
Annual Growth Rate 7.86%
5-Year Change -10.84%
10-Year Change 22.57%
Growth Volatility 300.36

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 CA$52.49 Billion
≈ $37.97 Billion		 -0.89%
2024-12-31 CA$52.96 Billion
≈ $38.31 Billion		 +8.69%
2023-12-31 CA$48.73 Billion
≈ $35.25 Billion		 -13.57%
2022-12-31 CA$56.38 Billion
≈ $40.78 Billion		 -4.23%
2021-12-31 CA$58.87 Billion
≈ $42.58 Billion		 +11.06%
2020-12-31 CA$53.01 Billion
≈ $38.34 Billion		 -93.34%
2019-12-31 CA$795.50 Billion
≈ $575.45 Billion		 +1587.12%
2018-12-31 CA$47.15 Billion
≈ $34.11 Billion		 +11.83%
2017-12-31 CA$42.16 Billion
≈ $30.50 Billion		 -1.54%
2016-12-31 CA$42.82 Billion
≈ $30.98 Billion		 +2.11%
2015-12-31 CA$41.94 Billion
≈ $30.34 Billion		 +23.62%
2014-12-31 CA$33.93 Billion
≈ $24.54 Billion		 +16.85%
2013-12-31 CA$29.03 Billion
≈ $21.00 Billion		 +11.25%
2012-12-31 CA$26.10 Billion
≈ $18.88 Billion		 +4.89%
2011-12-31 CA$24.88 Billion
≈ $18.00 Billion		 -7.42%
2010-12-31 CA$26.87 Billion
≈ $19.44 Billion		 -7.04%
2009-12-31 CA$28.91 Billion
≈ $20.91 Billion		 +5.29%
2008-12-31 CA$27.45 Billion
≈ $19.86 Billion		 +12.15%
2007-12-31 CA$24.48 Billion
≈ $17.71 Billion		 -5.33%
2006-12-31 CA$25.86 Billion
≈ $18.71 Billion		 +7.86%
2005-12-31 CA$23.97 Billion
≈ $17.34 Billion		 -2.10%
2004-12-31 CA$24.49 Billion
≈ $17.71 Billion		 +137.86%
2003-12-31 CA$10.29 Billion
≈ $7.45 Billion		 +4.98%
2002-12-31 CA$9.81 Billion
≈ $7.09 Billion		 +4.81%
2001-12-31 CA$9.36 Billion
≈ $6.77 Billion		 +13.04%
2000-12-31 CA$8.28 Billion
≈ $5.99 Billion		 +3.94%
1999-12-31 CA$7.96 Billion
≈ $5.76 Billion		 +16.94%
1998-12-31 CA$6.81 Billion
≈ $4.93 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 502400000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CA$5.02 Billion 9.86%
Common Stock CA$20.10 Billion 39.45%
Other Comprehensive Income CA$18.14 Billion 35.59%
Other Components CA$7.70 Billion 15.10%
Total Equity CA$50.96 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
Atlas Copco A ADR
F:ACO
 		$64.34 Billion
Phillips 66
NYSE:PSX
 		$64.57 Billion
Robinhood Markets Inc
NASDAQ:HOOD
 		$64.67 Billion
Republic Services Inc
NYSE:RSG
 		$64.82 Billion
Truist Financial Corp
NYSE:TFC
 		$64.05 Billion
TC Energy Corp
TO:TRP
 		$63.90 Billion
ENGIE ADR/1 EO 1
F:GZFB
 		$63.66 Billion
Elevance Health Inc
NYSE:ELV
 		$63.54 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 50,957,000,000, a change of -582,000,000 (-1.1%).
  • Net income of 5,782,000,000 contributed positively to equity growth.
  • Dividend payments of 3,305,000,000 reduced retained earnings.
  • Share repurchases of 2,431,000,000 reduced equity.
  • New share issuances of 73,000,000 increased equity.
  • Other comprehensive income decreased equity by 528,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CA$5.78 Billion +11.35%
Dividends Paid CA$3.31 Billion -6.49%
Share Repurchases CA$2.43 Billion -4.77%
Share Issuances CA$73.00 Million +0.14%
Other Comprehensive Income CA$-528.00 Million -1.04%
Other Changes CA$-173.00 Million -0.34%
Total Change CA$- -1.13%

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: 1.77x
  • 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 7.59x to 1.77x 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 CA$6.97 CA$52.92 x
1999-12-31 CA$7.28 CA$52.92 x
2000-12-31 CA$8.24 CA$52.92 x
2001-12-31 CA$8.53 CA$52.92 x
2002-12-31 CA$9.13 CA$52.92 x
2003-12-31 CA$9.96 CA$52.92 x
2004-12-31 CA$16.65 CA$52.92 x
2005-12-31 CA$14.76 CA$52.92 x
2006-12-31 CA$16.25 CA$52.92 x
2007-12-31 CA$15.83 CA$52.92 x
2008-12-31 CA$18.12 CA$52.92 x
2009-12-31 CA$17.67 CA$52.92 x
2010-12-31 CA$15.14 CA$52.92 x
2011-12-31 CA$13.67 CA$52.92 x
2012-12-31 CA$13.56 CA$52.92 x
2013-12-31 CA$15.48 CA$52.92 x
2014-12-31 CA$17.85 CA$52.92 x
2015-12-31 CA$20.92 CA$52.92 x
2016-12-31 CA$21.28 CA$52.92 x
2017-12-31 CA$20.76 CA$52.92 x
2018-12-31 CA$23.17 CA$52.92 x
2019-12-31 CA$24.92 CA$52.92 x
2020-12-31 CA$26.53 CA$52.92 x
2021-12-31 CA$30.01 CA$52.92 x
2022-12-31 CA$24.46 CA$52.92 x
2023-12-31 CA$25.73 CA$52.92 x
2024-12-31 CA$28.87 CA$52.92 x
2025-12-31 CA$29.83 CA$52.92 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): 11.35%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.91%
  • • Asset Turnover: 0.05x
  • • Equity Multiplier: 20.12x
  • Recent ROE (11.35%) is above the historical average (9.25%), 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 CA$31.03 Million
1999 12.05% 6.16% 0.25x 7.89x CA$148.18 Million
2000 13.39% 7.55% 0.24x 7.54x CA$270.13 Million
2001 14.07% 7.19% 0.21x 9.48x CA$337.70 Million
2002 15.66% 8.29% 0.20x 9.28x CA$495.20 Million
2003 16.52% 9.26% 0.21x 8.37x CA$603.20 Million
2004 10.88% 9.46% 0.15x 7.86x CA$206.50 Million
2005 13.84% 10.07% 0.18x 7.64x CA$912.30 Million
2006 15.47% 11.61% 0.18x 7.26x CA$1.40 Billion
2007 17.68% 12.09% 0.20x 7.25x CA$1.87 Billion
2008 1.89% 1.57% 0.16x 7.70x CA$-2.22 Billion
2009 4.86% 3.50% 0.20x 7.12x CA$-1.48 Billion
2010 -6.23% -4.42% 0.17x 8.15x CA$-4.33 Billion
2011 0.89% 0.44% 0.11x 18.89x CA$-2.23 Billion
2012 6.67% 6.08% 0.06x 18.99x CA$-852.50 Million
2013 10.88% 17.83% 0.03x 17.92x CA$252.30 Million
2014 10.53% 6.64% 0.09x 17.32x CA$175.80 Million
2015 5.37% 6.77% 0.05x 17.04x CA$-1.91 Billion
2016 7.11% 5.78% 0.07x 17.13x CA$-1.22 Billion
2017 5.02% 3.65% 0.08x 17.69x CA$-2.06 Billion
2018 10.15% 12.54% 0.05x 16.29x CA$67.20 Million
2019 10.78% 6.77% 0.10x 16.55x CA$379.50 Million
2020 10.33% 6.91% 0.09x 17.08x CA$170.90 Million
2021 11.40% 11.12% 0.07x 15.71x CA$816.20 Million
2022 -4.49% -8.89% 0.03x 18.14x CA$-6.78 Billion
2023 11.55% 12.91% 0.05x 18.51x CA$733.40 Million
2024 10.93% 12.35% 0.05x 18.99x CA$477.10 Million
2025 11.35% 10.91% 0.05x 20.12x CA$686.30 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: $11,891,063,750
  • Average return on equity (ROE) among peers: 9.86%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Manulife Financial Corp (MFC) CA$52.49 Billion 10.46% 18.54x $64.19 Billion
E-L Financial Corp Ltd (ELF) $4.56 Billion 19.82% 2.48x $4.28 Billion
Great-West Lifeco Inc. (GWO) $13.33 Billion 15.84% 7.88x $46.76 Billion
Power Corporation Of Canada (POW) $24.15 Billion 2.82% 4.92x $30.76 Billion
Sagicor Financial Company (SFC) $5.52 Billion 0.95% 0.12x $949.82 Million

About Manulife Financial Corp

TO:MFC Canada Insurance - Life
Market Cap
$64.19 Billion
CA$88.73 Billion CAD
Market Cap Rank
#414 Global
#15 in Canada
Share Price
CA$52.92
Change (1 day)
-0.09%
52-Week Range
CA$41.19 - CA$53.33
All Time High
CA$53.33
Categories
Companies in Canada 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