MANULIFE FINANCIAL CORP
MFC, MNLCF, MNQFF, MNUFF, MNUPF · Life Insurance · EDGAR filings ↗
Grade
B76Large, well-capitalized life insurer with above-average ROE, strong net margin and double-digit revenue growth.
Strengths
- ROE 11.5% (72.2nd pct) with top-decile net margin (94.7th) and revenue growth 12.5% (80th)
- Low leverage (D/E 0.15, 8.3rd pct) and large investment base
Risks
- Thin ROA (0.59%) typical of the model and rate/market sensitivity in the insurance book
- Earnings growth (8.3%) solid but not standout
Notable findings
- Strong balance sheetStrong balance sheet — $19.5B cash & investments
Key metrics
Net margin
74.5%
Return on equity
11.5%
Return on assets
0.6%
Revenue growth (QoQ)
12.5%
Net-income growth
8.3%
Debt / equity
0.1×
Tangible book value
$33.3B
Cash & investments
$19.5B
Supply chain
Customers (0)
Suppliers (1)
- Ernst & Young LLP
Named in the 10-K; linked when we track them.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-02-11 | 2025-12-31 | 0001086888-26-000003 ↗ |
| 40-F | 2025-02-19 | 2024-12-31 | 0001086888-25-000054 ↗ |
| 40-F | 2024-02-14 | 2023-12-31 | 0001193125-24-036601 ↗ |
| 40-F | 2023-02-15 | 2022-12-31 | 0001193125-23-040346 ↗ |
| 40-F | 2022-02-09 | 2021-12-31 | 0001193125-22-032888 ↗ |
| 40-F | 2021-02-10 | 2020-12-31 | 0001193125-21-036502 ↗ |
| 40-F | 2020-02-12 | 2019-12-31 | 0001193125-20-033426 ↗ |
| 40-F | 2019-02-13 | 2018-12-31 | 0001193125-19-038265 ↗ |
| 40-F | 2018-02-07 | 2017-12-31 | 0001193125-18-034890 ↗ |
| 40-F | 2017-02-09 | 2016-12-31 | 0001193125-17-035458 ↗ |
| 40-F | 2016-02-18 | 2015-12-31 | 0001193125-16-467782 ↗ |
| 40-F | 2015-02-19 | 2014-12-31 | 0001193125-15-054358 ↗ |