Manulife reported slightly disappointing third-quarter results as headwinds emerged in its domestic group insurance and investment management businesses. The firm’s third-quarter results translated into an adjusted return on equity of 17.8%, just below its medium-term target of 18%-plus.
Manulife has a dominant position in many segments of the Canadian market and generates decent returns.
Manulife has a higher general account allocation to equity and other riskier alternative assets, which can be risky during an elongated economic slowdown or market downturn.
Metric | MFC | SLF | POW |
|---|---|---|---|
Price/Earnings (Normalized) | 13.61 | 14.88 | 16.77 |
Price/Book Value | 2.19 | 2.35 | 4.07 |
Price/Sales | 1.97 | 1.80 | 1.89 |
Price/Cash Flow | 66.89 | 7.60 | 42.74 |
Metric | MFC | SLF | POW |
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | 5.00 | 8.76 | 8.42 |
Metric | MFC | SLF | POW |
|---|---|---|---|
Return on Assets (Normalized) | 0.72% | 1.08% | 0.50% |
Return on Equity (Normalized) | 16.56% | 18.40% | 32.79% |
Return on Invested Capital (Normalized) | 10.00% | 12.93% | 6.23% |
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|---|---|---|---|---|---|---|
| Ping An Insurance (Group) Co. of China Ltd Class H PIAIF | LOCK|sLN@%> | LOCK|!r | $137B | |||
| Ping An Insurance (Group) Co. of China Ltd ADR PNGAY | — | LOCK|Yn | $137B | |||
| China Life Insurance Co Ltd Class H CILJF | — | LOCK|#@W | $133B | |||
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| AIA Group Ltd AAIGF | — | LOCK|<V | $103B | |||
| MetLife Inc MET | LOCK|?f<%p!? | LOCK|Y$ | $64B | |||
| Aflac Inc AFL | LOCK|xfsMBK | LOCK|G@!% | $62B | |||
| Prudential Financial Inc PRU | LOCK|&pXMq&r | LOCK|<% | $42B | |||
| Prudential PLC ADR PUK | LOCK|^&K<FPt | LOCK|r&? | $31B |
United States