Manulife Financial Corporation

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

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
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	--
Diluted EPS	--	1.02	0.98	0.25	--
Basic Average Shares	--	1.7B	1.7B	1.7B	--
Diluted Average Shares	--	1.7B	1.7B	1.7B	--
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
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
Current Debt And Capital Lease Obligation	1.7B	--	--	--	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
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
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
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