MFC-PM.TO
Financial ServicesManulife Financial Corp · Insurance - Life · $43B
What is Manulife Financial Corp?
Manulife Financial Corporation is one of Canada's largest insurance and financial services companies, operating across Canada, the United States, and Asia. It serves individuals, groups, and institutional clients through a broad range of wealth, insurance, and annuity products.
Manulife generates revenue through three main segments. Its Wealth and Asset Management arm delivers investment advice and solutions to retail, retirement, and institutional clients. The Insurance and Annuity Products segment offers life insurance, long-term care coverage, and annuity products distributed through agents, brokers, and banks. A Corporate and Other segment handles reinsurance run-off operations and alternative asset management, including timberland and agricultural portfolios. The company also provides integrated banking products in select markets.
Manulife has deep roots in the Canadian financial industry, with its current corporate structure incorporated in 2014 and headquartered in Toronto.
- Individual and group life insurance products
- Long-term care insurance coverage
- Guaranteed and partially guaranteed annuities
- Wealth and asset management solutions
- Timberland and agricultural portfolio management
Is MFC-PM.TO a Good Stock to Buy?
UQS Score rates MFC-PM.TO as Below Average overall, reflecting a mixed picture across its five quality pillars.
The most constructive aspects of the profile sit in the Risk and Valuation pillars, both rated Good. This suggests the preferred share carries a relatively measured risk profile for its asset class and is not trading at a stretched premium relative to fundamentals — a meaningful consideration for income-focused investors evaluating preferred securities.
The Moat and Growth pillars both register as Weak, indicating limited competitive differentiation and subdued growth prospects relative to peers — factors worth weighing carefully for long-term holders.
See the complete pillar breakdown and underlying financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does MFC-PM.TO pay dividends?
Yes — Manulife Financial Corp pays a dividend.
MFC-PM.TO pays a regular dividend, consistent with the nature of Manulife's preferred share structure. Preferred dividends are typically fixed or reset on a defined schedule and rank ahead of common equity distributions. For income-oriented investors, this cadence can offer a degree of predictability relative to common shares, though dividend continuity depends on the issuer's financial health.
When does MFC-PM.TO report earnings?
Manulife Financial reports earnings on a quarterly cadence, typical for Canadian-listed financial services companies.
Quarterly results reflect performance across Manulife's insurance, wealth management, and corporate segments. The Risk pillar's Good rating suggests the company has maintained a relatively stable financial footing, though the Weak Growth label indicates expansion has been modest in recent periods.
For the most recent quarter's results and management commentary, visit Manulife Financial's investor relations page directly.
MFC-PM.TO Price History
+34.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Manulife Financial Corp?
Based on Manulife Financial Corp's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
MFC-PM.TO Long-term Outlook
The fundamental outlook for MFC-PM.TO is shaped primarily by Manulife's ability to sustain its insurance and wealth management operations across mature markets. With Growth rated Weak, meaningful near-term expansion is not a central part of the investment thesis here. The Good Risk rating provides some reassurance around balance sheet stability, while the Weak Moat label suggests the company faces ongoing competitive pressure in both insurance and asset management — sectors where scale advantages can erode over time.
Growth drivers
- Continued demand for retirement and annuity products in aging demographics across Canada and Asia
- Potential for wealth management fee income growth as assets under management expand
- Alternative asset strategies including timberland and agriculture providing diversified income streams
Key risks
- Weak competitive moat leaves Manulife exposed to pricing pressure from larger global insurers
- Interest rate sensitivity across insurance liabilities and fixed-income portfolios
- Subdued growth trajectory limiting the case for capital appreciation in preferred securities
MFC-PM.TO vs Peers
Manulife operates in a competitive landscape alongside other large diversified financial and insurance groups.
Power Corporation is a diversified holding company with significant stakes in insurance and asset management, offering a different ownership structure and exposure profile compared to Manulife's direct operating model.
Prudential plc focuses heavily on Asian life insurance and savings markets, giving it a more concentrated emerging-market growth profile than Manulife's broader multi-region footprint.
MFC-PC.TO represents a different preferred share series issued by the same Manulife entity, with distinct reset terms and yield characteristics that may appeal to different income investor preferences.
Frequently Asked Questions
What does Manulife Financial do?
Manulife Financial is a Canadian-based financial services company offering life insurance, long-term care coverage, annuities, and wealth and asset management solutions. It serves individuals, groups, and institutional clients across Canada, the United States, and Asia, and also manages alternative assets such as timberland and agricultural portfolios.
Does MFC-PM.TO pay dividends?
Yes, MFC-PM.TO pays a regular dividend as part of Manulife's preferred share structure. Preferred dividends are typically paid on a fixed or reset schedule and rank ahead of common share distributions, making them a consideration for income-focused investors.
When does MFC-PM.TO report earnings?
Manulife Financial reports on a quarterly cadence, consistent with Canadian-listed financial companies. Specific dates are not covered by our data source — check Manulife's investor relations page for the current reporting calendar.
Is MFC-PM.TO a good stock to buy?
UQS Score rates MFC-PM.TO as Below Average overall. The Risk and Valuation pillars are rated Good, which may appeal to income investors seeking relative stability. However, Weak ratings on Moat and Growth suggest limited competitive advantage and modest expansion prospects. The full pillar breakdown is available to Pro members.
Is MFC-PM.TO overvalued?
The UQS Valuation pillar for MFC-PM.TO is rated Good, suggesting the preferred share is not trading at an elevated premium relative to fundamentals. For income securities like preferred shares, valuation context is particularly relevant when assessing yield relative to risk. Full valuation metrics are available in the Pro view.
How does MFC-PM.TO compare to its competitors?
Compared to peers like Power Corporation of Canada and Prudential plc, Manulife operates a broad multi-region insurance and wealth platform. The UQS profile reflects a more cautious picture on moat and growth than some global peers, though its risk profile is relatively measured. See the competitor comparison section for more detail.
What is MFC-PM.TO's market cap bracket?
Manulife Financial Corporation is classified as a large-cap company, reflecting its significant scale as one of Canada's major insurance and financial services groups. As a preferred share series, MFC-PM.TO is linked to the same issuer's overall capital structure.
Who founded Manulife Financial?
Manulife Financial has roots stretching back to the late nineteenth century in Canada, with its origins as The Manufacturers Life Insurance Company. The current corporate structure was incorporated in 2014. Detailed founding history is widely available through Manulife's official corporate resources.
Is MFC-PM.TO a long-term quality investment?
As a long-term quality indicator, the UQS Below Average overall score reflects meaningful limitations — particularly the Weak Moat and Growth ratings. The Good Risk and Valuation ratings offer some stability context, but investors focused on long-term compounding may want to weigh the limited competitive differentiation carefully before committing capital.
What is the main competitive advantage of Manulife Financial?
Manulife's scale across insurance, wealth management, and alternative assets provides some diversification benefits. However, the UQS Moat pillar is rated Weak, indicating that durable competitive advantages — such as pricing power or switching costs — are not strongly evident relative to sector peers at this time.
What sector does MFC-PM.TO belong to?
MFC-PM.TO is classified within the Financial Services sector. More specifically, Manulife operates in insurance and diversified financial services, spanning life insurance, annuities, and asset management — segments that are sensitive to interest rates and broader macroeconomic conditions.
Is MFC-PM.TO a growth stock or value stock?
Based on the UQS profile, MFC-PM.TO leans toward a value or income orientation rather than growth. The Growth pillar is rated Weak, while Valuation is rated Good — a combination more typical of yield-focused securities than high-growth equities. It may suit investors prioritizing income over capital appreciation.
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Pro Analysis
MFC-PM.TO — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 48.4 | 62.4 | 32.0 | 30.4 | 44.8 | 80.3 | -1.9 |
| Apr 26, 2026 | 50.3 | 58.9 | 32.0 | 29.3 | 67.5 | 77.2 | 0.0 |
| Apr 19, 2026 | 50.3 | 58.9 | 32.0 | 29.3 | 67.5 | 77.4 | -0.3 |
| Apr 18, 2026 | 50.6 | 58.9 | 32.0 | 29.1 | 67.5 | 79.8 | -0.4 |
| Apr 12, 2026 | 51.0 | 58.9 | 32.0 | 29.1 | 67.5 | 82.5 | — |
MFC-PM.TO — Pillar Breakdown
Quality
— 62.4/100 (25%)Manulife Financial Corp shows solid profitability with healthy returns on capital and reasonable margins.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 30.4/100 (20%)Manulife Financial Corp faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 44.8/100 (15%)Manulife Financial Corp has some risk factors including moderate leverage or solvency concerns.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 80.3/100 (15%)Manulife Financial Corp appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 32/100 (25%)Manulife Financial Corp operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MFC-PM.TO.
Score Composition
Financial Data
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How is the MFC-PM.TO UQS Score Calculated?
The UQS (Unified Quality Score) for Manulife Financial Corp is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Manulife Financial Corp's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Manulife Financial Corp is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.