Manulife Financial Corporation
Manulife Financial Corporation (MFC) is a Toronto-based multinational insurer and wealth manager operating in Canada, the United States (John Hancock) and across Asia. With a market capitalisation of approximately $53.85 billion, Manulife provides individual and group life and health insurance, retirement solutions, mutual funds and asset management. Its revenue mix includes insurance premiums, investment income and fee-based wealth-management revenue, so results are influenced by premiums, market returns, net flows and investment yields. Key considerations for investors are interest-rate sensitivity, equity-market exposure, currency movements and regulatory capital requirements tied to underwriting risks. The company has historically returned capital via dividends and buybacks, but distributions are subject to change. This summary is educational and not personalised investment advice; investors should assess suitability for their circumstances or consult a financial adviser.
Why It's Moving
Manulife’s robust Q3 earnings and strategic Asia expansion drive investor optimism
Manulife reported record core earnings in Q3 2025, led by strong performances in Asia and Canada, reinforcing its growth trajectory amid global wealth management challenges. The company’s strategic acquisitions and focus on the expanding Indian market underscore its ambition to secure long-term growth and diversify revenue streams.
- Q3 core earnings rose 10% on a constant exchange rate basis to $2.0 billion, with core EPS up 16%, driven by 25% growth in new business contractual service margin and positive sales momentum in Asia and Canada.
- Growth in Asia is pivotal, with Manulife targeting half of its core earnings from the region by 2025, supported by acquisitions of Schroders Indonesia and a joint venture with Mahindra to capture India's market with over US$20 billion new business premiums at a 12% CAGR.
- While global wealth and asset management posted a 9% earnings increase, it faced $6.2 billion in net fund outflows, and U.S. core earnings declined 20%, highlighting regional performance disparities and the firm's focus on more profitable segments.
Manulife’s robust Q3 earnings and strategic Asia expansion drive investor optimism
Manulife reported record core earnings in Q3 2025, led by strong performances in Asia and Canada, reinforcing its growth trajectory amid global wealth management challenges. The company’s strategic acquisitions and focus on the expanding Indian market underscore its ambition to secure long-term growth and diversify revenue streams.
- Q3 core earnings rose 10% on a constant exchange rate basis to $2.0 billion, with core EPS up 16%, driven by 25% growth in new business contractual service margin and positive sales momentum in Asia and Canada.
- Growth in Asia is pivotal, with Manulife targeting half of its core earnings from the region by 2025, supported by acquisitions of Schroders Indonesia and a joint venture with Mahindra to capture India's market with over US$20 billion new business premiums at a 12% CAGR.
- While global wealth and asset management posted a 9% earnings increase, it faced $6.2 billion in net fund outflows, and U.S. core earnings declined 20%, highlighting regional performance disparities and the firm's focus on more profitable segments.
Stock Performance Snapshot
Analyst Rating
Analysts suggest holding Manulife's stock, with a target price indicating potential decline.
Financial Health
Manulife Financial is performing well with strong revenue and cash flow, indicating solid financial stability.
Dividend
Manulife Financial Corporation's average dividend yield of 3.56% offers a steady income opportunity for investors. If you invested $1000 you would be paid $35.60 a year in dividends (based on the last 12 months).
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Baskets Featuring MFC
Financially Fit
These carefully selected companies showcase exceptional financial discipline with fortress-like balance sheets. Our professional analysts have identified businesses with minimal debt and strong cash positions, giving them the resilience to thrive in any economic environment.
Published: June 18, 2025
Explore BasketWhy You’ll Want to Watch This Stock
Income & Growth Blend
Manulife combines fee income and investment returns, which can support dividends and growth, though payouts and performance can vary with market conditions.
North America & Asia
A diversified geographic footprint gives exposure to growth in Asian markets and stability in North America, but also brings currency and regulatory complexity.
Rate Sensitivity
Interest-rate moves affect investment yields and the value of liabilities; rising rates can help margins but sudden moves and market stress are risks.
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