MARKETS / NYSE / MFC
NYSE · LIFE INSURANCE

Manulife Financial Corporation MFC

10 fiscal years on record · CAD · FY2025 reported
SEC FILINGS ONLY9 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
CAD 8.1B
▲ 7.1% vs FY2024
Dividend streak
9 yrs
Raised every year since 2017
EPS · FY25
CAD 3.07
Dividend / sh · FY25
CAD 1.76
Payout · FY25
ROE · FY25
11.0%
Net margin · FY25
68.5%
Dividend coverage
1.7×
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Result
CAD 8.1B
Revenue, FY2025 · full 10-year series below
Revenue Net income
204060808.15.62016201920222025
204060808.15.62016201920222025

69 cents of every revenue dollar became profit this year.

Per share
CAD 3.07
Diluted EPS, FY2025
EPS Dividend
241.763.072016201920222025
241.763.072016201920222025

Earnings covered the dividend 1.7 times — the rest stayed in the company.

Profitability
11.0%
Return on equity, FY2025
ROE
48121611.0%2016201920222025
48121611.0%2016201920222025
Operating margin
Net margin68.5%
Return on assets0.6%

Each CAD of equity produced 11 cents of profit this year.

Returned to shareholders
CAD 2.4B
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksCAD 2.4B
Share of profit43.6%
Consecutive raises9 years

CAD 2.4B in buybacks — 44% of the year's profit went back to shareholders.

Growth
−36.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+9.5%
−36.5%
Net income
−1.0%
EPS, diluted
+0.9%
Dividend / share
+10.1%
+9.5%
Returned to shareholders
+8.9%
+57.2%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
CAD 1.03T
total assets, end of FY2025
Total assetsCAD 1.03T
EquityCAD 50.1B
CashCAD 26.7B
Gross debtCAD 7.7B
Net debtCAD -19.0B
DepositsCAD 24.7B

The company holds more cash than debt.

History
10 fiscal years
Every figure from documents filed with the SEC · CAD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue CAD B
8.1
7.6
6.7
6.2
61.8
78.9
79.6
39.0
58.3
53.3
Operating income CAD B
·
·
·
·
·
·
·
·
·
·
EBITDA CAD B
·
·
·
·
·
·
·
·
·
·
Income tax CAD B
1.0
1.2
0.8
−1.2
1.2
1.2
0.7
0.6
0.2
0.2
Net income CAD B
5.6
5.4
5.1
−1.9
7.1
5.9
5.6
4.8
2.1
2.9
EPS, diluted CAD
3.07
2.84
2.61
−1.15
3.54
2.93
2.77
2.33
0.98
1.41
Dividend / sh CAD
1.76
1.60
1.46
1.32
1.17
1.12
1.00
0.91
0.82
0.74
Payout %
·
·
0
·
·
·
·
·
·
·
ROE %
11.0
11.0
10.9
−4.2
14.5
11.6
11.8
11.0
5.1
7.0
Shares out B
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
16 of 20
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 4 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed