MFC

MFC Earnings Preview

Manulife Financial Corporation · Financial Services · $65B

14d until earnings

MFC Earnings

Wednesday, May 13 2026
EPS Estimate
$1.09
$0.99 – $1.14
Current Price
$38.74

Our Position

neutral

Growth and dividends battle Q4 headwinds

structured data est. revisions falling (-2.1pp / 30d)

Manulife's 2025 growth narrative is real—Asia momentum and new business traction confirm the franchise is working—but Q4 losses in US and wealth management suggest structural headwinds persisting. The $232 million real estate write-down and insurance claims deterioration aren't one-time noise; they test whether the company can hit its 18%+ ROE target by 2027 without another round of portfolio stress.

Watch: Monitor Q1 2026 for insurance claims trends and wealth management flows—if retirement plan redemptions continue, free cash generation could stall despite Asia's strength. The $1 billion AI value-creation target (30% complete) matters only if insurance and wealth operations stabilize.

Data Signal Summary

1 bullish
2 bearish
Put/call 3.7 (bearish skew) Price downtrend Insider buying

Key Context

Insider Activity
buying
Price Trend
downtrend
From 52w High
-0.2%
P/E Ratio
17.2
Est. Revisions (30d)
-1.2% 2up/2dn
Analyst Target (mean)
$35 $31–$38 -10%
Options P/C Ratio
3.69
Est. Dispersion
14% 12 analysts
Fund Convergence
strong Bridgewater, D.E. Shaw, Renaissance, Citadel, Two Sigma

Recent Activity

insider trades 155 transactions
Buy · Manulife Financial Corporation (Issuer) ·170,000 shares ·$5,794,960
Other · Manulife Financial Corporation (Issuer) ·4,055,011 shares
Buy · Manulife Financial Corporation (Issuer) ·170,000 shares ·$5,752,970
Buy · Manulife Financial Corporation (Issuer) ·270,000 shares ·$9,149,760
Buy · Manulife Financial Corporation (Issuer) ·170,000 shares ·$5,863,470
150 more
Buy · Manulife Financial Corporation ·170,000 shr ·$5,893,050
Buy · Manulife Financial Corporation ·170,000 shr ·$5,844,940
Buy · Manulife Financial Corporation ·172,311 shr ·$5,947,314
Buy · Manulife Financial Corporation ·170,000 shr ·$5,746,340
Buy · Manulife Financial Corporation ·22,200 shr ·$753,201
Buy · Manulife Financial Corporation ·170,000 shr ·$5,861,090
Buy · Manulife Financial Corporation ·170,000 shr ·$5,876,390
Buy · Manulife Financial Corporation ·170,000 shr ·$5,785,440
Buy · Manulife Financial Corporation ·170,000 shr ·$5,707,240
Buy · Manulife Financial Corporation ·170,000 shr ·$5,686,160
Buy · Manulife Financial Corporation ·170,000 shr ·$5,753,990
Other · Lawrence (Matthew Edward)
Buy · Manulife Financial Corporation ·170,000 shr ·$5,730,020
Other · Wise (Adam Thomas) ·3,500 shr ·$118,107
Buy · Manulife Financial Corporation ·350,000 shr ·$11,508,350
Buy · Manulife Financial Corporation ·270,000 shr ·$9,129,510
Buy · Manulife Financial Corporation ·170,000 shr ·$5,868,570
Buy · Manulife Financial Corporation ·170,000 shr ·$5,882,000
Buy · Manulife Financial Corporation ·170,000 shr ·$5,814,170
Buy · Manulife Financial Corporation ·201,400 shr ·$7,026,846
Buy · Manulife Financial Corporation ·219,100 shr ·$7,757,673
Other · Manulife Financial Corporation ·510,700 shr
Buy · Manulife Financial Corporation ·170,000 shr ·$6,070,700
Buy · Manulife Financial Corporation ·170,000 shr ·$6,021,230
Buy · Manulife Financial Corporation ·170,700 shr ·$6,083,918
Exercise · Tingle (Brooks) ·5,544 shr ·$71,212
Other · Tingle (Brooks) ·5,544 shr ·$202,660
Exercise · Witherington (Philip James) ·10,865 shr ·$139,560
Other · Witherington (Philip James) ·10,865 shr ·$397,170
Exercise · Fadous (Stephanie) ·2,435 shr ·$31,277
Other · Fadous (Stephanie) ·2,435 shr ·$89,011
Exercise · Hirji (Rahim Badrudin Hassanali) ·17,848 shr ·$229,257
Other · Hirji (Rahim Badrudin Hassanali) ·17,848 shr ·$652,433
Exercise · Irshad (Naveed) ·4,544 shr ·$58,367
Other · Irshad (Naveed) ·4,544 shr ·$166,105
Exercise · Kreel (Trevor) ·3,635 shr ·$46,691
Other · Kreel (Trevor) ·3,635 shr ·$132,877
Other · Manulife Financial Corporation ·2,985,439 shr
Buy · Manulife Financial Corporation ·37,739 shr ·$1,410,872
Buy · Manulife Financial Corporation ·206,000 shr ·$7,621,588
Buy · Manulife Financial Corporation ·306,000 shr ·$11,310,678
Buy · Manulife Financial Corporation ·171,500 shr ·$6,420,445
Buy · Manulife Financial Corporation ·123,100 shr ·$4,616,250
Buy · Manulife Financial Corporation ·113,000 shr ·$4,242,924
Buy · Manulife Financial Corporation ·206,000 shr ·$7,651,870
Buy · Manulife Financial Corporation ·206,000 shr ·$7,602,224
Buy · Manulife Financial Corporation ·206,000 shr ·$7,676,178
Buy · Manulife Financial Corporation ·144,800 shr ·$5,407,411
Buy · Manulife Financial Corporation ·206,000 shr ·$7,630,652
Buy · Manulife Financial Corporation ·235,300 shr ·$8,646,333
Buy · Manulife Financial Corporation ·206,000 shr ·$7,641,982
Buy · Manulife Financial Corporation ·206,000 shr ·$7,575,032
Buy · Manulife Financial Corporation ·206,000 shr ·$7,483,362
Other · MacInnis (Matthew Lyman) ·17 shr
Buy · Manulife Financial Corporation ·206,000 shr ·$7,504,374
Other · Manulife Financial Corporation ·4,547,695 shr
Other · Orlandella (Sarah Seery) ·29 shr
Other · Ross (Kennet Michael) ·116 shr
Other · Ross (Kennet Michael) ·6 shr
Other · Silva (Anthony Alex) ·123 shr
Other · Silva (Anthony Alex) ·6 shr
Other · Simpson (Colin Lloyd) ·113 shr
Other · Tingle (Brooks) ·439 shr
Other · Weiland (Shamus Edward) ·394 shr
Other · Wise (Adam Thomas) ·106 shr
Other · Wise (Adam Thomas) ·60 shr
Other · Witherington (Philip James) ·815 shr
Other · Wong (Henry) ·95 shr
Other · Cloherty (Eileen) ·86 shr
Other · Cloherty (Eileen) ·22 shr
Other · Cogliani (Saverio Sam) ·36 shr
Other · Cogliani (Saverio Sam) ·22 shr
Other · DeCamillo (Aimee Rochelle) ·51 shr
Other · DeCamillo (Aimee Rochelle) ·6 shr
Other · Fadous (Stephanie) ·279 shr
Other · Finch, Steve ·273 shr
Other · Fox (Pragashini) ·13 shr
Other · Gough (Dara) ·110 shr
Other · Gough (Dara) ·69 shr
Other · Hatch (John Richard) ·55 shr
Other · Hirji (Rahim Badrudin Hassanali) ·72 shr
Other · Hirji (Rahim Badrudin Hassanali) ·275 shr
Other · Irshad (Naveed) ·291 shr
Other · Joshi (Rahul Madhav) ·354 shr
Other · Kalita von dem Hagen (Halina) ·32 shr
Other · Kalita von dem Hagen (Halina) ·136 shr
Other · Kreel (Trevor) ·64 shr
Other · Kreel (Trevor) ·328 shr
Other · Leggett, Karen Ann ·250 shr
Other · Lorentz (Paul Raymon) ·48 shr
Other · Lorentz (Paul Raymon) ·582 shr
Buy · Manulife Financial Corporation ·243,997 shr ·$8,932,730
Buy · Manulife Financial Corporation ·206,000 shr ·$7,563,908
Buy · Manulife Financial Corporation ·206,000 shr ·$7,590,276
Buy · Manulife Financial Corporation ·206,000 shr ·$7,584,920
Buy · Manulife Financial Corporation ·206,000 shr ·$7,504,580
Buy · Manulife Financial Corporation ·206,000 shr ·$7,483,774
Buy · Manulife Financial Corporation ·206,000 shr ·$7,431,244
Buy · Manulife Financial Corporation ·290,598 shr ·$10,383,066
Buy · Manulife Financial Corporation ·206,000 shr ·$7,378,508
Buy · Manulife Financial Corporation ·206,000 shr ·$7,359,144
Buy · Manulife Financial Corporation ·206,000 shr ·$7,323,712
Buy · Manulife Financial Corporation ·206,000 shr ·$7,367,590
Buy · Manulife Financial Corporation ·206,000 shr ·$7,332,158
Buy · Manulife Financial Corporation ·206,000 shr ·$7,293,224
Buy · Manulife Financial Corporation ·206,000 shr ·$7,220,918
Buy · Manulife Financial Corporation ·206,000 shr ·$7,297,756
Buy · Manulife Financial Corporation ·206,000 shr ·$7,298,992
Buy · Manulife Financial Corporation ·206,000 shr ·$7,201,142
Other · Wise (Adam Thomas) ·2,150 shr ·$75,142
Buy · Manulife Financial Corporation ·206,000 shr ·$7,218,240
Buy · Manulife Financial Corporation ·306,000 shr ·$10,811,898
Other · Manulife Financial Corporation ·4,306,465 shr
Buy · Manulife Financial Corporation ·205,100 shr ·$7,238,799
Buy · Manulife Financial Corporation ·203,600 shr ·$7,117,856
Buy · Manulife Financial Corporation ·206,000 shr ·$7,171,066
Exercise · Weiland (Shamus Edward) ·88,500 shr ·$1,503,172
Other · Weiland (Shamus Edward) ·88,500 shr ·$3,085,110
Buy · Manulife Financial Corporation ·198,700 shr ·$7,002,982
Buy · Manulife Financial Corporation ·203,000 shr ·$7,049,378
Buy · Manulife Financial Corporation ·206,000 shr ·$7,053,440
Exercise · Hirji (Rahim Badrudin Hassanali) ·25,048 shr ·$437,162
Other · Hirji (Rahim Badrudin Hassanali) ·25,048 shr ·$857,067
Exercise · Hirji (Rahim Badrudin Hassanali) ·33,000 shr ·$576,147
Other · Hirji (Rahim Badrudin Hassanali) ·33,000 shr ·$1,129,590
Buy · Manulife Financial Corporation ·206,000 shr ·$6,999,880
Buy · Manulife Financial Corporation ·206,000 shr ·$6,946,732
Other · Cogliani (Saverio Sam) ·1,500 shr ·$50,767
Exercise · Irshad (Naveed) ·16,992 shr ·$297,631
Other · Irshad (Naveed) ·16,992 shr ·$570,778
Buy · Manulife Financial Corporation ·210,600 shr ·$7,080,372
Buy · Manulife Financial Corporation ·289,400 shr ·$9,803,135
Exercise · Tingle (Brooks) ·5,545 shr ·$69,412
Other · Tingle (Brooks) ·5,545 shr ·$188,707
Exercise · Witherington (Philip James) ·10,866 shr ·$136,020
Other · Witherington (Philip James) ·10,866 shr ·$369,791
Exercise · Fadous (Stephanie) ·2,436 shr ·$30,493
Other · Fadous (Stephanie) ·2,436 shr ·$82,901
Exercise · Finch, Steve ·27,260 shr ·$477,431
Exercise · Finch, Steve ·68,532 shr ·$1,206,094
Other · Finch, Steve ·27,260 shr ·$925,804
Other · Finch, Steve ·68,532 shr ·$2,323,029
Exercise · Hirji (Rahim Badrudin Hassanali) ·17,849 shr ·$223,433
Other · Hirji (Rahim Badrudin Hassanali) ·17,849 shr ·$607,437
Exercise · Irshad (Naveed) ·4,545 shr ·$56,894
Other · Irshad (Naveed) ·4,545 shr ·$154,675
Exercise · Joshi (Rahul Madhav) ·90,702 shr ·$1,404,520
Other · Joshi (Rahul Madhav) ·90,702 shr ·$3,086,135
Exercise · Kreel (Trevor) ·3,636 shr ·$45,515
Other · Kreel (Trevor) ·3,636 shr ·$123,740