Manulife is one of the Big Three Canadian life insurers, which collectively represent about 80% of the nation’s life insurance premiums. The firm’s current strategy focus is to continue reducing its risk profile, grow its Asian life insurance business and wealth management faster than other businesses, achieve better expense efficiency, and invest in digital capabilities.
Manulife has a dominant position in many segments of the Canadian market and generates decent returns.
Manulife has a higher general account allocation to equity and other riskier alternative assets, which can be risky during an elongated economic slowdown or market downturn.
|
Metric
|
MFC
|
SLF
|
POW
|
|---|---|---|---|
Price/Earnings (Normalized) | 13.28 | 13.89 | 15.82 |
Price/Book Value | 2.16 | 2.51 | 3.84 |
Price/Sales | 1.72 | 1.48 | 1.78 |
Price/Cash Flow | — | — | 40.34 |
|
Metric
|
MFC
|
SLF
|
POW
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | 6.67 | 9.18 | 8.42 |
|
Metric
|
MFC
|
SLF
|
POW
|
|---|---|---|---|
Return on Assets (Normalized) | 0.75% | 1.08% | 0.50% |
Return on Equity (Normalized) | 17.17% | 18.26% | 32.79% |
Return on Invested Capital (Normalized) | 9.88% | 13.02% | 6.23% |
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1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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United States