Manulife Financial Corporation (MFC)

Manulife Financial Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	20,599	18,883	17,542	17,094	39,065	32,917
Total Interest & Dividend Income	-638	1,706	559	7,753	13,632	15,349
Gain (Loss) on Sale of Investments	5,258	3,921	3,149	-2,381	996	11,700
Other Revenue	6,955	6,074	7,285	-4,977	5,452	17,154
Total Revenue	31,914	29,992	27,246	16,911	59,841	77,121
Revenue Growth (YoY)	6.09%	10.08%	61.11%	-71.74%	-22.41%	-0.90%
Policy Benefits	13,982	12,224	11,898	12,039	35,068	60,498
Policy Acquisition & Underwriting Costs	2,148	2,148	1,654	1,285	6,638	6,043
Selling, General & Administrative	4,813	4,710	4,276	3,705	7,678	7,510
Other Operating Expenses	2,035	1,990	1,358	1,943	417	381
Reinsurance Income or Expense	-	-	-	-	-754	5,263
Total Operating Expenses	22,978	21,072	19,186	18,972	50,555	69,169
Operating Income	8,936	8,920	8,060	-2,061	9,286	7,952
Interest Expense	-1,545	-1,681	-1,554	-1,051	-1,011	-1,181
EBT Excluding Unusual Items	7,391	7,239	6,506	-3,112	8,275	6,771
Merger & Restructuring Charges	-89	-149	-54	-26	-150	-
Pretax Income	7,302	7,090	6,452	-3,138	8,125	6,771
Income Tax Expense	1,130	1,212	845	-1,159	1,213	1,195
Earnings From Continuing Ops.	6,172	5,878	5,607	-1,979	6,912	5,576
Minority Interest in Earnings	-267	-247	-144	-121	-255	-250
Net Income	5,905	5,631	5,463	-2,100	6,657	5,326
Preferred Dividends & Other Adjustments	513	557	663	93	-233	-374
Net Income to Common	5,392	5,074	4,800	-2,193	6,890	5,700
Net Income Growth	3.45%	3.08%	-	-	24.99%	1.08%
Shares Outstanding (Basic)	1,719	1,779	1,834	1,910	1,942	1,941
Shares Outstanding (Diluted)	1,724	1,785	1,838	1,913	1,946	1,943
Shares Change (YoY)	-4.30%	-2.88%	-3.92%	-1.70%	0.15%	-0.97%
EPS (Basic)	3.14	2.85	2.62	-1.15	3.55	2.94
EPS (Diluted)	3.13	2.84	2.61	-1.15	3.54	2.93
EPS Growth	10.85%	8.81%	-	-	20.82%	5.78%
Dividend Per Share	1.720	1.600	1.460	1.320	1.120	1.120
Dividend Growth	9.90%	9.59%	10.61%	17.86%	-	12.00%
Operating Margin	28.00%	29.74%	29.58%	-12.19%	15.52%	10.31%
Profit Margin	16.89%	16.92%	17.62%	-12.97%	11.51%	7.39%
EBITDA	9,752	9,532	8,424	-1,777	9,667	8,419
EBITDA Margin	30.56%	31.78%	30.92%	-10.51%	16.15%	10.92%
D&A For EBITDA	816	612	364	284	381	467
EBIT	8,936	8,920	8,060	-2,061	9,286	7,952
EBIT Margin	28.00%	29.74%	29.58%	-12.19%	15.52%	10.31%
Effective Tax Rate	15.47%	17.09%	13.10%	-	14.93%	17.65%
Revenue as Reported	-	-	-	-	61,821	78,908

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q