Manulife Financial Corporation is the listed parent, while The Manufacturers Life Insurance Company is a separately regulated insurer within the group. Regional businesses, John Hancock and asset management add further scopes that cannot share one capital ratio.
What to read first
The 2025 Form 40-F anchors the registrant and filing period. Its consolidated statements and management discussion provide the accounting and capital detail, while the ratings and exchange records distinguish MFC, MLI and the listed security.
Reporting perimeter and reporting period
The group reports in Canadian dollars for a calendar year. MFC and MLI each have a stated LICAT calculation; regional segments and wealth assets use other denominators defined by the respective issuer disclosures.
Official sources and what they establish
Annual filing (Form 40-F)
- Publisher: Manulife / US SEC EDGAR
- Period: FY2025
- Scope: Manulife Financial Corporation filing perimeter
Provides the regulator-hosted annual filing and exhibit map for the 2025 reporting package.
Consolidated financial statements
- Publisher: Manulife / US SEC EDGAR
- Period: FY2025
- Scope: Manulife Financial Corporation consolidated
Management discussion, capital, and ratings
- Publisher: Manulife / US SEC EDGAR
- Period: FY2025
- Scope: MFC group, MLI, and disclosed segments/entities
At year-end, MLI's LICAT ratio was 136%, MFC's LICAT ratio 125%, and excess capital over the stated thresholds was CAD 24.1 billion for MLI and CAD 23.7 billion for MFC.
Full-year results availability
- Publisher: Manulife / US SEC EDGAR
- Period: FY2025
- Scope: MFC consolidated and disclosed operating measures
Reports 2025 core earnings of CAD 7.5 billion, net income attributed to shareholders of CAD 5.6 billion, and remittances of CAD 6.4 billion. Core earnings and remittances require Manulife's non-GAAP definitions.
Exchange/company record
- Publisher: New York Stock Exchange
- Period: Current listing
- Scope: Manulife Financial Corporation, symbol MFC
Group, legal-entity and subsidiary boundaries
Manulife Financial Corporation (MFC) is the listed holding company for the consolidated group. The Manufacturers Life Insurance Company (MLI) is the principal regulated operating insurer and has a legal and capital perimeter distinct from MFC. Their separately stated LICAT ratios therefore apply to different entities, while regional businesses, John Hancock and asset-management operations contribute through their own operating structures.
Interpretation notes and limitations
Core earnings and remittances are non-GAAP measures. An MLI capital percentage does not describe MFC or a John Hancock company, and insurer ratings attach only to their named obligor. Currency and asset-management scope complicate comparisons with insurance-only groups.
Related intelligence
Sources and methodology
- Annual filing (Form 40-F) — Manulife / US SEC EDGAR; FY2025; Manulife Financial Corporation filing perimeter.
- Consolidated financial statements — Manulife / US SEC EDGAR; FY2025; Manulife Financial Corporation consolidated.
- Management discussion, capital, and ratings — Manulife / US SEC EDGAR; FY2025; MFC group, MLI, and disclosed segments/entities.
- Full-year results availability — Manulife / US SEC EDGAR; FY2025; MFC consolidated and disclosed operating measures.
- Exchange/company record — New York Stock Exchange; Current listing; Manulife Financial Corporation, symbol MFC.