Manulife Financial Corp. (MFC)

NYSE: MFC · Life Insurance · Toronto, ON · filing with the SEC since 2002

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Grade5.9

◀ Past 4.2● Present 6.5▶ Future 7.8

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Manulife Financial Corp.

Nine metrics read from its own filings, by tense

Headline grade

5.9/10

◀ Past4.240% of the headline

● Present6.535% of the headline

▶ Future7.825% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.2/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed

6.1/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 61st percentile among 18 sector filers · read for itself

From the record

Manulife Financial Corp.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

2.5/10

What has it actually done, year after year?

-18.9% a year over 10 filed years; profitable in 9 of 10.

weight 22% of this tense · 25th percentile among 18 sector filers · read for its customers

From the record

Manulife Financial Corp.'s 10 filed years say what it did: revenue went from CAD 53 billion in fiscal 2016 to CAD 8.1 billion in fiscal 2025, down 18.9% a year; it rose in 5 of 9 years; the deepest fall was 92% from fiscal 2019 to fiscal 2022; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span-18.9%bottom 3% of its family
the share of years revenue rosebottom 31% of its family
the share of filed years with a profittop 36% of its family
the deepest fall from a revenue peak92.2%bottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

3.5/10

How has it treated the people who own it?

Share count shrank 3.7% a year. 9% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 45% of this tense · 35th percentile among 16 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Manulife Financial Corp.'s diluted share count shrank about 3.7% a year, and dividends and buybacks returned about 9% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearsbottom 44% of its family
cash returned against operating cash flowbottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.5/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

5.5/10

Is it financially healthy right now?

ROE 12%: 12¢ of profit per shareholder dollar. Leverage 95%: owes 95¢ per asset dollar.

weight 45% of this tense · 55th percentile among 18 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Manulife Financial Corp. earned about 12 cents of profit for every dollar of shareholders' money. Leverage: it owed about 95 cents per dollar of assets, and net share issuance: its share count shrank 4.3% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 47% of its family
return on equitytop 31% of its family
the share count against the year beforebottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

8.6/10

How strong is its position in its industry?

top 14% of 18 in its family; net margin 74.5%.

weight 33% of this tense · 86th percentile among 18 sector filers · read for its customers

From the record

Manulife Financial Corp.'s standing among 18 graded names in its industry family: revenue of CAD 8.1 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 74.5% ranks in the top 3%; revenue growth of 9.5% a year over the last 3 filed years ranks in the top 25% (its annual reports).

What it rests on

net margin74.5%top 3% of its family
three-year revenue growth9.5%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.5/10

What are the people in charge doing?

SI estimate 5.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 13 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 13 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 13 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Manulife Financial Corp.'s leadership is put at 5.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 13 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.8/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed

8.6/10

How much room does it have to grow?

top 14% of 16 in its family for room to expand.

weight 33% of this tense · 86th percentile among 16 sector filers · read for itself

From the record

Manulife Financial Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of CAD 27 billion against debt of CAD 7.7 billion leaves 1.9% of its assets as net cash, top 25% of its family; cash from operations less capital spending is 394.9% of revenue (top 3%) (its annual report).

What it rests on

cash less debt against assets1.9%top 25% of its family
cash from operations less capital spending against revenue394.9%top 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

7.8/10

What could actually drive growth from here?

top 22% of 18 in its family for growth drivers.

weight 33% of this tense · 78th percentile among 18 sector filers · read for its customers

From the record

Manulife Financial Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew 9.5% a year over the last three filed years against -18.9% over all 10, speeding up (top 8% of its family); the newest year grew 7.1% (top 36%) (its annual reports). Manulife Financial Corp. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+28.4 points a yeartop 8% of its family
the newest year's revenue growth7.1%top 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

6.9/10

Did its newest year beat what its own record pointed to?

top 31% of 18 in its family for expectations against reality.

weight 33% of this tense · 69th percentile among 18 sector filers · read for its shareholders

From the record

Manulife Financial Corp.'s newest year against its own record: revenue of CAD 8.1 billion in fiscal 2025 came in 3.3% below the CAD 8.4 billion its prior three years' pace pointed to (bottom 31% of its family); net income of CAD 6.1 billion against a prior three-year average of CAD 3.2 billion (top 19%); a net margin of 74.5% against 42.9% before (top 3%) (its annual reports).

What it rests on

revenue against the prior three years' pace-3.3%bottom 31% of its family
net income against the prior three years' average+91%top 19% of its family
net margin against its prior average+31.7 pointstop 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MFC · research, not advice