MFC

Key Takeaways

• Asia is now the largest of the four businesses, at C$820 million of core earnings in the March quarter against C$352 million in Canada and C$331 million in the United States, and management wants the region at half the company by 2027 [Source: Manulife Q1 2026 earnings release and 2027 financial targets]. • The number management leads with and the number that builds book value are far apart, a core return on equity of 16.5% against a reported return on equity of 10.1% in the same quarter, and

Institutional ownership

742 institutional managers reported holding MFC in 13F filings for the quarter ended 2026-03-31. Together they hold about 44% of the company; the top 10 hold 25%. 60 opened new positions that quarter. Held by Vanguard Group, Geode Capital, CPP Investment Board, among others. On the short side, 13.0M shares were sold short as of the 2026-06-15 count, about 0.8% of shares outstanding (6.4 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

MFC has cut its share count 12.3% over the past five years. It pays a dividend, and has paid one every year in our records (10 and counting), raised 6 years straight. Cash returned over the past three years: $6.94B in dividends.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Compare MFC

ACGL vs MFCAFL vs MFCAIG vs MFCCB vs MFCHIG vs MFCMET vs MFC