Manulife Financial Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|---|
| Total Revenue | 8.6B | 17.3B | 41.1B | 9.0B | 4.2B | -- | -- |
| Operating Revenue | 8.6B | 17.3B | 41.1B | 9.0B | 4.2B | -- | -- |
| Selling General And Administration | 1.3B | 1.2B | 1.1B | 1.2B | 1.3B | -- | -- |
| General And Administrative Expense | 1.3B | 1.2B | 1.1B | 1.2B | 1.3B | -- | -- |
| EBIT | 2.3B | 2.6B | 2.6B | 1.1B | 2.5B | -- | -- |
| Interest Expense | 405.0M | 388.0M | 358.0M | 379.0M | 420.0M | -- | -- |
| Interest Expense Non Operating | 405.0M | 388.0M | 358.0M | 379.0M | 420.0M | -- | -- |
| Interest Income | 5.3B | 4.7B | 4.7B | 4.4B | 4.9B | -- | -- |
| Net Interest Income | -405.0M | -388.0M | -358.0M | -379.0M | -420.0M | -- | -- |
| Other Income Expense | 55.0M | 97.0M | -6.0M | 52.0M | 59.0M | -- | -- |
| Pretax Income | 1.9B | 2.2B | 2.3B | 699.0M | 2.1B | -- | -- |
| Tax Provision | 310.0M | 310.0M | 338.0M | 76.0M | 406.0M | -- | -- |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- |
| Net Income From Continuing And Discontinued Operation | 1.6B | 1.8B | 1.9B | 557.0M | 1.7B | -- | -- |
| Net Income From Continuing Operation Net Minority Interest | 1.6B | 1.8B | 1.9B | 557.0M | 1.7B | -- | -- |
| Net Income Including Noncontrolling Interests | 1.6B | 1.9B | 1.9B | 623.0M | 1.7B | -- | -- |
| Minority Interests | -33.0M | -130.0M | -49.0M | -66.0M | -22.0M | -- | -- |
| Net Income Common Stockholders | 1.4B | 1.7B | 1.7B | 428.0M | 1.5B | -- | -- |
| Net Income | 1.6B | 1.8B | 1.9B | 557.0M | 1.7B | -- | -- |
| Reconciled Depreciation | -506.0M | -484.0M | -411.0M | -428.0M | -195.0M | -- | -- |
| Basic EPS | -- | 1.03 | 0.99 | 0.25 | -- | 1.01 | 0.53 |
| Diluted EPS | -- | 1.02 | 0.98 | 0.25 | -- | 1.00 | 0.52 |
| Basic Average Shares | -- | 1.7B | 1.7B | 1.7B | -- | 1.8B | 1.8B |
| Diluted Average Shares | -- | 1.7B | 1.7B | 1.7B | -- | 1.8B | 1.8B |
| Tax Rate For Calcs | 0.16 | 0.14 | 0.15 | 0.09 | 0.19 | -- | -- |
| Normalized Income | 1.6B | 1.8B | 1.9B | 557.0M | 1.7B | -- | -- |
| Diluted NI Availto Com Stockholders | 1.4B | 1.7B | 1.7B | 428.0M | 1.5B | -- | -- |
| Loss Adjustment Expense | 1.2B | 13.1B | 11.3B | 9.0B | 1.5B | -- | -- |
| Net Income Continuous Operations | 1.6B | 1.9B | 1.9B | 623.0M | 1.7B | -- | -- |
| Net Non Operating Interest Income Expense | -405.0M | -388.0M | -358.0M | -379.0M | -420.0M | -- | -- |
| Net Policyholder Benefits And Claims | 1.2B | 13.1B | 11.3B | 9.0B | 1.5B | -- | -- |
| Other Gand A | 1.3B | 1.2B | 1.1B | 1.2B | 1.3B | -- | -- |
| Otherunder Preferred Stock Dividend | 63.0M | -10.0M | 85.0M | 72.0M | 47.0M | -- | -- |
| Policyholder Benefits Ceded | 7.8B | 728.0M | -199.0M | 520.0M | 7.9B | -- | -- |
| Policyholder Benefits Gross | 9.0B | 13.8B | 11.1B | 9.5B | 9.4B | -- | -- |
| Preferred Stock Dividends | 103.0M | 58.0M | 103.0M | 57.0M | 101.0M | -- | -- |
| Total Expenses | 6.7B | 15.1B | 38.9B | 8.3B | 2.1B | -- | -- |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 26.7B | 25.8B | 23.8B | 25.4B | 25.8B | -- | -- |
| Cash Cash Equivalents And Short Term Investments | 26.7B | 25.8B | 23.8B | 25.4B | 25.8B | -- | -- |
| Net PPE | 2.6B | 2.7B | 2.6B | 2.7B | 2.7B | -- | -- |
| Goodwill | 6.9B | -- | -- | -- | 6.3B | -- | -- |
| Goodwill And Other Intangible Assets | 12.3B | 11.0B | 10.8B | 11.1B | 11.1B | -- | -- |
| Other Intangible Assets | 5.4B | -- | -- | -- | 4.8B | -- | -- |
| Investments And Advances | 255.1B | 255.8B | 243.0B | 246.6B | 244.3B | -- | -- |
| Total Assets | 1025.4B | 1026.7B | 977.5B | 981.4B | 978.8B | -- | -- |
| Current Debt | 1.7B | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Current Debt And Capital Lease Obligation | 1.7B | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Long Term Debt | 12.9B | 13.4B | 13.3B | 14.2B | 14.2B | -- | -- |
| Long Term Debt And Capital Lease Obligation | 12.9B | 13.4B | 13.3B | 14.2B | 14.2B | -- | -- |
| Total Liabilities Net Minority Interest | 972.9B | 973.7B | 926.2B | 928.3B | 925.9B | -- | -- |
| Common Stock | 20.1B | 20.2B | 20.4B | 20.6B | 20.7B | -- | -- |
| Capital Stock | 26.8B | 26.9B | 27.1B | 27.2B | 27.3B | -- | -- |
| Additional Paid In Capital | 199.0M | 200.0M | 201.0M | 202.0M | 204.0M | -- | -- |
| Retained Earnings | 5.0B | 5.1B | 4.5B | 4.1B | 4.8B | -- | -- |
| Gains Losses Not Affecting Retained Earnings | 18.1B | 18.5B | 17.3B | 19.6B | 18.7B | -- | -- |
| Other Equity Adjustments | 28.8B | 28.0B | 28.9B | 30.3B | 31.1B | -- | -- |
| Common Stock Equity | 44.3B | 44.8B | 43.2B | 45.1B | 44.9B | -- | -- |
| Stockholders Equity | 51.0B | 51.4B | 49.9B | 51.8B | 51.5B | -- | -- |
| Total Equity Gross Minority Interest | 52.5B | 53.0B | 51.3B | 53.2B | 53.0B | -- | -- |
| Minority Interest | 1.5B | 1.5B | 1.4B | 1.4B | 1.4B | -- | -- |
| Total Capitalization | 63.9B | 64.9B | 63.1B | 65.9B | 65.7B | -- | -- |
| Net Tangible Assets | 38.6B | 40.5B | 39.0B | 40.7B | 40.5B | -- | -- |
| Tangible Book Value | 32.0B | 33.8B | 32.4B | 34.0B | 33.8B | -- | -- |
| Invested Capital | 59.0B | 58.2B | 56.5B | 59.3B | 59.0B | -- | -- |
| Total Debt | 14.7B | 13.4B | 13.3B | 14.2B | 14.2B | -- | -- |
| Share Issued | 1.7B | 1.7B | 1.7B | 1.7B | 1.7B | -- | -- |
| Ordinary Shares Number | 1.7B | 1.7B | 1.7B | 1.7B | 1.7B | -- | -- |
| Current Notes Payable | 1.7B | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Derivative Product Liabilities | 14.4B | 12.9B | 13.6B | 12.9B | 14.3B | -- | -- |
| Foreign Currency Translation Adjustments | 5.9B | 6.3B | 5.6B | 7.4B | 7.3B | -- | -- |
| Loans Receivable | 54.5B | 53.8B | 2.5B | 2.4B | 2.3B | -- | -- |
| Non Current Deferred Liabilities | 2.0B | 2.1B | 1.9B | 2.0B | 1.9B | -- | -- |
| Non Current Deferred Taxes Liabilities | 2.0B | 2.1B | 1.9B | 2.0B | 1.9B | -- | -- |
| Other Equity Interest | 836.0M | 727.0M | 775.0M | 637.0M | 567.0M | -- | -- |
| Preferred Shares Number | 102.0M | 102.0M | 102.0M | 102.0M | 102.0M | -- | -- |
| Preferred Stock | 6.7B | 6.7B | 6.7B | 6.7B | 6.7B | -- | -- |
| Preferred Stock Equity | 6.7B | 6.7B | 6.7B | 6.7B | 6.7B | -- | -- |
| Unrealized Gain Loss | -16.5B | -15.8B | -17.2B | -18.1B | -19.7B | -- | -- |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 8.6B | 9.5B | 7.3B | 6.7B | 7.1B | -- | -- |
| Cash Flow From Continuing Operating Activities | 8.6B | 9.5B | 7.3B | 6.7B | 7.1B | -- | -- |
| Depreciation And Amortization | -506.0M | -484.0M | -411.0M | -428.0M | -195.0M | -- | -- |
| Deferred Tax | 20.0M | 66.0M | -18.0M | -74.0M | 36.0M | -- | -- |
| Deferred Income Tax | 20.0M | 66.0M | -18.0M | -74.0M | 36.0M | -- | -- |
| Change In Working Capital | 8.2B | 12.1B | 8.3B | 5.8B | 4.5B | -- | -- |
| Change In Other Working Capital | 5.8B | 5.3B | 4.7B | 1.1B | 6.1B | -- | -- |
| Other Non Cash Items | 0.00 | 0.00 | 0.00 | -9.0M | 0.00 | -- | -- |
| Purchase Of Business | -- | -- | -- | -- | 27.0M | -- | -- |
| Investing Cash Flow | -8.1B | -7.8B | -5.9B | -6.5B | -3.7B | -- | -- |
| Cash Flow From Continuing Investing Activities | -8.1B | -7.8B | -5.9B | -6.5B | -3.7B | -- | -- |
| Issuance Of Debt | 557.0M | 457.0M | 1.4B | 151.0M | 1.0B | -- | -- |
| Repayment Of Debt | -26.0M | -26.0M | -1.0B | -30.0M | -554.0M | -- | -- |
| Net Issuance Payments Of Debt | 531.0M | 431.0M | 367.0M | 121.0M | 454.0M | -- | -- |
| Issuance Of Capital Stock | 29.0M | 9.0M | 7.0M | 28.0M | 49.0M | -- | -- |
| Repurchase Of Capital Stock | -658.0M | -613.0M | -653.0M | -507.0M | -1.4B | -- | -- |
| Net Common Stock Issuance | -629.0M | -604.0M | -646.0M | -479.0M | -1.4B | -- | -- |
| Common Stock Dividend Paid | -843.0M | -804.0M | -856.0M | -802.0M | -799.0M | -- | -- |
| Common Stock Payments | -658.0M | -613.0M | -653.0M | -507.0M | -1.4B | -- | -- |
| Financing Cash Flow | 453.0M | -22.0M | -1.6B | -858.0M | -1.4B | -- | -- |
| Cash Flow From Continuing Financing Activities | 453.0M | -22.0M | -1.6B | -858.0M | -1.4B | -- | -- |
| Effect Of Exchange Rate Changes | -354.0M | 352.0M | -893.0M | 79.0M | 793.0M | -- | -- |
| Changes In Cash | 956.0M | 1.7B | -282.0M | -688.0M | 2.0B | -- | -- |
| Beginning Cash Position | 25.2B | 23.2B | 24.3B | 24.9B | 22.2B | -- | -- |
| End Cash Position | 25.8B | 25.2B | 23.2B | 24.3B | 24.9B | -- | -- |
| Free Cash Flow | 8.6B | 9.5B | 7.3B | 6.7B | 7.1B | -- | -- |
| Income Tax Paid Supplemental Data | 81.0M | 151.0M | 232.0M | 292.0M | 93.0M | -- | -- |
| Interest Paid Supplemental Data | 370.0M | 330.0M | 439.0M | 376.0M | 391.0M | -- | -- |
| Amortization Cash Flow | -506.0M | -484.0M | -411.0M | -428.0M | -195.0M | -- | -- |
| Amortization Of Intangibles | -506.0M | -484.0M | -411.0M | -428.0M | -195.0M | -- | -- |
| Amortization Of Securities | -53.0M | -115.0M | -106.0M | -70.0M | -72.0M | -- | -- |
| Cash Dividends Paid | -843.0M | -804.0M | -856.0M | -802.0M | -799.0M | -- | -- |
| Common Stock Issuance | 29.0M | 9.0M | 7.0M | 28.0M | 49.0M | -- | -- |
| Gain Loss On Investment Securities | -647.0M | -3.9B | -2.4B | 877.0M | 1.1B | -- | -- |
| Long Term Debt Issuance | 557.0M | 457.0M | 1.4B | 151.0M | 1.0B | -- | -- |
| Long Term Debt Payments | -26.0M | -26.0M | -1.0B | -30.0M | -554.0M | -- | -- |
| Net Business Purchase And Sale | -1.3B | 0.00 | -- | -- | 27.0M | -26.0M | -- |
| Net Income From Continuing Operations | 1.6B | 1.9B | 1.9B | 623.0M | 1.7B | -- | -- |
| Net Long Term Debt Issuance | 531.0M | 431.0M | 367.0M | 121.0M | 454.0M | -- | -- |
| Net Other Financing Charges | 1.5B | 744.0M | -517.0M | 889.0M | -309.0M | -- | -- |
| Net Other Investing Changes | 28.6B | 25.5B | 25.7B | 28.6B | 25.1B | -- | -- |
| Operating Gains Losses | -647.0M | -3.9B | -2.4B | 877.0M | 1.1B | -- | -- |