Manulife Financial Corporation (TSX:MFC)

Manulife Financial Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	222,873	214,114	210,621	212,149	203,842	224,139
Investments in Equity & Preferred Securities	68,315	58,292	64,824	51,709	40,902	48,483
Policy Loans	-	-	-	-	-	6,397
Other Investments	92,449	88,283	71,243	65,108	67,430	57,732
Total Investments	457,834	433,262	416,917	397,658	381,275	415,157
Cash & Equivalents	27,540	26,703	25,789	20,338	19,153	22,594
Reinsurance Recoverable	65,063	60,881	59,015	42,651	45,871	44,579
Other Receivables	6,585	7,126	6,451	6,315	7,224	7,101
Separate Account Assets	497,862	461,254	435,988	377,544	348,562	399,788
Property, Plant & Equipment	2,698	2,631	2,674	2,591	2,852	1,812
Goodwill	-	6,877	6,275	5,919	6,014	5,651
Other Intangible Assets	12,695	5,447	4,777	4,391	4,505	4,264
Other Current Assets	5,038	4,225	3,474	2,733	2,669	2,532
Long-Term Deferred Tax Assets	5,766	5,741	5,884	6,739	6,708	5,254
Other Long-Term Assets	12,913	11,286	11,574	8,695	8,856	8,911
Total Assets	1,093,994	1,025,433	978,818	875,574	833,689	917,643

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Insurance & Annuity Liabilities	438,177	411,532	396,401	367,996	354,849	395,392
Reinsurance Payable	3,607	3,273	2,669	2,831	2,391	-
Current Portion of Long-Term Debt	-	-	-	594	-	-
Current Portion of Leases	-	101	-	-	-	-
Current Income Taxes Payable	-	619	453	147	195	357
Long-Term Debt	23,336	25,042	25,115	21,320	24,381	19,691
Long-Term Leases	-	233	-	-	-	-
Long-Term Deferred Tax Liabilities	2,240	2,018	1,890	1,697	1,536	2,769
Separate Account Liability	497,862	461,254	435,988	377,544	348,562	399,788
Other Current Liabilities	-	17,466	5	43	-	-
Other Long-Term Liabilities	73,845	51,407	63,337	54,675	53,549	40,777
Total Liabilities	1,039,067	972,945	925,858	826,847	785,463	858,774

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Preferred Stock, Convertible	2,499	2,499	2,499	2,499	2,499	3,210
Common Stock	19,969	20,103	20,681	21,527	22,178	23,093
Additional Paid-In Capital	188	199	204	222	238	262
Retained Earnings	5,760	5,024	4,764	4,819	3,947	23,492
Comprehensive Income & Other	24,845	23,132	23,391	18,229	17,937	7,118
Total Common Equity	50,762	48,458	49,040	44,797	44,300	53,965
Minority Interest	1,666	1,531	1,421	1,431	1,427	1,694
Shareholders' Equity	54,927	52,488	52,960	48,727	48,226	58,869
Total Liabilities & Equity	1,093,994	1,025,433	978,818	875,574	833,689	917,643

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	1,659	1,677	1,723	1,806	1,858	1,943
Total Common Shares Outstanding	1,662	1,677	1,729	1,806	1,858	1,943
Total Debt	23,336	25,376	25,115	21,914	24,381	19,691
Net Cash (Debt)	4,204	1,327	674	-1,576	-5,228	2,903
Net Cash Growth	523.74%	96.88%	-	-	-	-
Net Cash Per Share	2.50	0.78	0.38	-0.86	-2.73	1.49
Book Value Per Share	30.54	28.89	28.37	24.80	23.84	27.78
Tangible Book Value	38,067	36,134	37,988	34,487	33,781	44,050
Tangible Book Value Per Share	22.90	21.54	21.97	19.10	18.18	22.68

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 22, 2026

Data Sources Report a data error