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Manulife Financial Corp MFC Stock Quote

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Morningstar‘s Stock Analysis MFC

Valuation
Currency in CAD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

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Economic Moat

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Capital Allocation

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Higher Interest Rates Help, but Manulife Faces Choppy Equity Markets and Mixed Underwriting Trends

Rajiv Bhatia, CFA Equity Analyst

Business Strategy and Outlook

| Rajiv Bhatia, CFA |

Manulife, along with Sun Life and Great-West Life, are the Big Three Canadian life insurers. While Manulife has attempted to reposition itself from the global financial crisis, it is still arguably the worst positioned of the three as it generally has the lowest returns on equity. Not only does Manulife pay out the highest percentage of benefits to premiums, but the firm’s asset-management operations don’t generate the pretax margins that Sun Life’s does, while Great-West has a larger retirement record-keeping business via Empower. Returns on equity over the past five years have averaged around 10%, a touch below our estimated cost of equity of 11%.

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Key Statistics MFC

Company Profile MFC

Business Description

Manulife provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia. Manulife is one of Canada’s Big Three Life Insurance companies (the other two are Sun Life and Great West Life). As of Dec. 31, 2021, Manulife reported assets under management or administration of about CAD $1.4 trillion.

Contact
200 Bloor Street East
Toronto, ON, M4W 1E5, Canada
T +1 888 790-4387
Industry Insurance - Life
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 38,000