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What this page is: Delvantic's full research page for Manulife Financial Corporation (MFC) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.

Page map (sections in order; each card carries a stable reference-name attribute you can cite):

  • profile-header / price-overview — company profile, live quote, market cap
  • extended-analysisthe core: three AI lens reads with findings, scores, and the analyst memo
  • future-predictions — our forward price-band predictions
  • market-narrative / ai-findings / gpt-critique — narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)
  • Members-only sections (render as login gates for anonymous readers): price-history, income-trend, key-metrics, financials (statement tables), insider-trading. The analysis above is public; the raw data tables require a free account.

More for machine readers: site briefing at /llms.txt · any ticker resolves at delvantic.com/stock/TICKER · raw inputs are public-company filings and market data (via licensed data feeds); every model, score, lens read, and prediction on this page is Delvantic's own analysis.

Manulife Financial Corporation

MFC NYSE
Financial Services · Insurance - Life
Toronto, ON M4W 1E5, Canada manulife.com Updated Aug 12, 10:04pm
Price
$43.78
Market Cap
$72.8B
Employees
37,000
Beta
0.78
Avg Volume
1,755,794
Last Dividend
$1.33
CEO
Mr. Philip James Witherington CPA

Manulife Financial Corporation is a multinational insurance and financial services company headquartered in Toronto, Canada. It primarily offers a comprehensive array of financial protection and wealth management products and services to individual and institutional clients. The company's portfolio includes life insurance, group life and health insurance, as well as long-term care insurance. Additionally, Manulife provides annuities, mutual funds, and banking products. Manulife's operations are significant across several key markets, with a strong presence in Canada, the United States through the John Hancock brand, and various Asian countries where it serves a growing market in life insurance and asset management services. The firm is also an active player in asset management, offering pension and retirement plan administration services. In the financial market, Manulife Financial Corporation is recognized for its robust balance sheet and diversified product offerings, which enhance its resilience and adaptability amidst industry changes. The company plays a crucial role in the global financial services industry, leveraging technology and innovation to deliver customer-centric solutions and maintain competitive advantages in multiple regions.

Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 12
No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Aug 5, 2026.
EPS surprise history — vs analyst consensus · 4 prints of vendor history
+5.7%
Feb '26
-2.8%
May '26
-2.6%
Jul '26
+0.9%
Aug '26
Print date EPS est. EPS actual Revenue est. Revenue actual
Aug 5, 2026 $1.08 $1.09 +0.9%
Jul 18, 2026 $0.39 $0.38 -2.6%
May 13, 2026 $1.09 $1.06 -2.8%
Feb 11, 2026 $1.06 $1.12 +5.7%

Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.

Recent SEC Filings
Filed Form Document
Aug 12, 2026 6-K View
Aug 5, 2026 6-K View
Aug 5, 2026 6-K View
Jul 29, 2026 SCHEDULE 13G/A View
Jun 18, 2026 6-K View
Jun 5, 2026 6-K View
May 26, 2026 6-K View
May 21, 2026 6-K View
May 15, 2026 SCHEDULE 13G/A View
May 15, 2026 SCHEDULE 13G/A View
May 15, 2026 SCHEDULE 13G/A View
May 15, 2026 SCHEDULE 13G/A View

Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.

Price Overview
Last updated: Aug 13, 2026 3:18pm (just now)
Current data · timestamped when a report runs
$43.82
Change · Aug 13
+0.04 (+0.09%)
Day Range
$43.62 – $44.28
52-Week Range
$29.70 – $45.33
50-Day MA
$41.87
200-Day MA
$37.64
Volume
84,273.00
Share Structure
Outstanding 1,661,901,655.00
Float 1,619,875,357.00
Free Float 97.5%
High free float — 97.5% of shares trade freely, ~2.5% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Last updated: Aug 13, 2026 9:16am (6h ago)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Aug 11, 2026 12:26pm (2d ago)
Why there are no quarterly figures for Manulife Financial Corporation

This company does not file structured financial statements with the U.S. SEC, so quarterly figures aren't available from our filings-based data engine. Annual figures shown here come from the sources that do cover it.

Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
TD Twelve Data statement HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEX
Stock Price / EPS (Diluted)
19.87
Stock Price: $43.78
EPS (Diluted): 2.20
P/B Ratio (Price vs net asset value)
HEX
Stock Price / Book Value Per Share
2.19
Stock Price: $43.78
Total Equity: $37.68B
Shares: 1,883,387,622
EV/EBITDA (Total value vs operating profit)
HEX
Enterprise Value / EBITDA
Market Cap: $72.76B
Total Debt: $0.00
Cash: $19.17B
EBITDA: N/A
EBITDA not available
Enterprise Value (Takeover price (cap + debt - cash))
HEX
Market Cap + Total Debt - Cash
$55.4B
Market Cap: $72.76B
Total Debt: $0.00
Cash: $19.17B
Gross Margin (Revenue left after direct costs)
HEX
Gross Profit / Revenue
Gross Profit: N/A
Revenue: $5.84B
Missing from API: Gross Profit
Operating Margin (Revenue left after all operations)
HEX
Operating Income / Revenue
Operating Income: N/A
Revenue: $5.84B
Missing from API: Operating Income
Net Margin (Revenue left as actual profit)
HEX
Net Income / Revenue
68.5%
Net Income: $4.00B
Revenue: $5.84B
ROE (Profit from shareholder equity)
HEX
Net Income / Total Equity
10.6%
Net Income: $4.00B
Total Equity: $37.68B
ROIC (Profit from all invested capital)
HEX
NOPAT / Invested Capital
Operating Income: N/A
Tax Rate: 14.6%
Equity: $37.68B
Total Debt: $0.00
Cash: $19.17B
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
HEX
Current Assets / Current Liabilities
Current Assets: N/A
Current Liabilities: N/A
Missing from API: Current Assets, Current Liabilities
Debt/Equity (Leverage — debt vs equity)
HEX
Total Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $37.68B
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
HEX
Revenue / Shares Outstanding
$3.10
Revenue: $5.84B
Shares: 1,883,387,622
Book Value/Share (Net assets per share)
HEX
(Total Assets - Total Liabilities) / Shares
$20.01
Total Equity: $37.68B
Shares: 1,883,387,622
FCF/Share (Real cash generated per share)
HEX
(Operating Cash Flow + CapEx) / Shares
$12.24
Operating CF: $23.05B
CapEx: $0.00
Shares: 1,883,387,622
Div Yield (Annual income from holding)
TD
Last Annual Dividend / Stock Price
3.0%
Last Dividend: $1.33
Stock Price: $43.78
Payout Ratio (Earnings paid out as dividends)
HEX
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: $4.00B
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 11, 2026 12:26pm (2d ago)
Metric 2021 2022 2023 2024 2025
Revenue $44.4B $12.3B $4.8B $5.4B $5.8B
Cost of Revenue
Gross Profit
Operating Expenses $5.9B $3.0B $3.1B $2.6B $3.5B
Operating Income
Net Income $5.1B $5.2B $3.7B $3.9B $4.0B
EBITDA
EPS $2.55 $2.64 $1.88 $2.05 $2.21
EPS (Diluted) $2.54 $2.64 $1.87 $2.04 $2.20
Balance Sheet (Annual)
Last updated: Aug 11, 2026 12:26pm (2d ago)
Metric 2022 2022 2023 2024 2025
Cash & Equivalents $16.2B $16.2B $14.6B $18.5B $19.2B
Total Current Assets
Total Assets $666.3B $666.3B $628.5B $702.7B $736.1B
Current Liabilities
Long-Term Debt $3.5B $3.5B $4.4B $4.8B
Total Liabilities $632.7B $632.7B $593.6B $664.6B $698.4B
Total Equity $33.7B $33.7B $35.0B $38.0B $37.7B
Retained Earnings $6.9B $6.9B $3.5B $3.4B $3.6B
Cash Flow (Annual)
Last updated: Aug 11, 2026 12:26pm (2d ago)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $16.6B $12.7B $14.7B $19.0B $23.0B
Capital Expenditure
Free Cash Flow
Acquisitions (net) -$13.6M -$130.7M $-717,870 -$213.2M -$916.7M
Net Debt Issued / (Repaid) $679.1M $0 $994.2M
Dividends Paid $0
Stock Buybacks
Net Change in Cash -$2.4B -$2.8B $1.2B $2.8B $1.2B
Growth Trends (YoY %)
Last updated: Aug 11, 2026 12:26pm (2d ago)
Metric 2022 2023 2024 2025
Revenue Growth -72.3% -60.7% +12.5% +7.1%
Gross Profit Growth
Operating Income Growth
Net Income Growth +2.7% -30.0% +5.5% +3.5%
EBITDA Growth
Dividend History (Last 20)
Last updated: Aug 11, 2026 12:27pm (2d ago)
Date Dividend Declaration Record Payment
2026-05-29 $0.35
2026-02-25 $0.35
2025-05-21 $0.32
2025-03-05 $0.31
2024-11-20 $0.29
2024-08-21 $0.29
2024-05-21 $0.29
2024-02-27 $0.30
2023-11-21 $0.27
2023-08-22 $0.27
2023-05-23 $0.27
2023-02-27 $0.27
2022-11-21 $0.25
2022-08-22 $0.25
2022-05-24 $0.26
2022-02-22 $0.26
2021-11-30 $0.26
2021-08-16 $0.22
2021-05-17 $0.23
2021-02-22 $0.22
Industry Benchmarks
Compares MFC against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
Not applicable for this companies
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
Not applicable for this companies
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
Not applicable for this companies
4h Dividend Discount Model — For dividend/income stocks only
Not applicable for this companies
4i Book Value Analysis — For deep value / turnaround stocks only
Not applicable for this companies
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
Not applicable for this companies
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MFC — it's generated by the pipeline (market-narrative step).
Claude Reading
Claude Opus reviews the pipeline's raw data + every prior verdict, then writes an independent take.
No AI findings yet for MFC — they're generated by the pipeline (ai-findings step) when a report is run on this ticker.
GPT Reading
GPT reads the identical raw briefing blind — one of the Big-3 independent readings — and commits to its own verdict.
No GPT reading yet for MFC — it's generated by the pipeline (gpt-critique step) after the other Big-3 seats, when a report is run on this ticker.
Grok Reading
Grok (xAI) reads the identical raw briefing blind — one of the Big-3 independent readings — and commits to its own verdict.
No Grok reading yet for MFC — it's generated by the pipeline (grok-critique step) alongside the other Big-3 seats, when a report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
A separate, manually-run forensic pipeline (dilution, earnings quality, liquidity → two scored lenses → the play). Hasn't been run for this ticker yet.
Community AI Feedback
No community reviews yet for MFC. Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.530 · 761561a2 · 2026-08-12 19:06:35