Manulife Financial (MFC) Return on Invested Capital [ROIC] (2009 - 2025)
Manulife Financial's Return on Invested Capital [ROIC] was 11.21% in the quarter ended Jun 30, 2026, up 17.23 percentage points from -6.02% a year earlier and up 0.64 percentage points from the prior quarter.
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Analysis
Manulife Financial (MFC) Return on Invested Capital [ROIC] (2009 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, Return on Invested Capital [ROIC] at Manulife Financial came in at 9.29%, up 20.86 percentage points from the prior year.
- Return on Invested Capital [ROIC] shows a five-year change of +25.04 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Return on Invested Capital [ROIC] was -11.56% in the year ended Dec 31, 2024 (+0.21 pp), -11.78% in the year ended Dec 31, 2023 (-14.81 pp), 3.04% in the year ended Dec 31, 2022 (+19.59 pp) and -16.55% in the year ended Dec 31, 2021 (-0.81 pp).
- Quarterly Return on Invested Capital [ROIC] has moved between -56.34% (the quarter ended Sep 30, 2021) and 108.41% (the quarter ended Sep 30, 2023) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for three straight quarters, with an average year-over-year change of -14.27 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was the quarter ended Sep 30, 2023 (a gain of 112.15 percentage points); the worst was the quarter ended Sep 30, 2021 (a drop of 111.12 percentage points).
- Per Business Quant data, MFC's Return on Invested Capital [ROIC] in the three quarters before the quarter ended Jun 30, 2026 was 10.57% (quarter ended Mar 31, 2026), 13.21% (quarter ended Dec 31, 2025) and -10.50% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.07 Bn | 80.65 Bn | 9.13 Bn | -11.59% |
| 2 | Progressive | 129.71 Bn | 105.55 Bn | 9.04 Bn | -78.36% |
| 3 | Marsh & Mclennan Companies | 85.23 Bn | 76.72 Bn | - | 12.87% |
| 4 | Travelers Companies | 78.57 Bn | 54.82 Bn | 6.23 Bn | -27.73% |
| 5 | Manulife Financial | 73.77 Bn | -21.12 Bn | - | - |
| 6 | Metlife | 64.61 Bn | -42.17 Bn | 7.82 Bn | -102.80% |
| 7 | Allstate | 60.51 Bn | 21.78 Bn | 8.73 Bn | -37.39% |
| 8 | Arthur J. Gallagher | 59.88 Bn | 54.28 Bn | - | 5.67% |
| 9 | Aflac | 58.72 Bn | 33.93 Bn | 2.27 Bn | -2.70% |
| 10 | Aon | 58.62 Bn | 51.84 Bn | - | 14.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 2.67% |
| Sep 30, 2025 | 4.23% |
| Jun 30, 2025 | 5.23% |
| Mar 31, 2025 | 4.39% |
| Dec 31, 2024 | 11.16% |
| Sep 30, 2024 | 11.52% |
| Jun 30, 2024 | 3.91% |
| Mar 31, 2024 | 4.06% |
| Dec 31, 2023 | 4.59% |
| Sep 30, 2023 | 21.38% |
| Jun 30, 2023 | 26.41% |
| Mar 31, 2023 | 0.00% |
| Dec 31, 2022 | 9.49% |
| Sep 30, 2022 | -5.38% |
| Jun 30, 2022 | -9.19% |
| Mar 31, 2022 | -2.40% |
| Dec 31, 2021 | -2.11% |
| Sep 30, 2021 | 14.44% |
| Jun 30, 2021 | 6.83% |
| Mar 31, 2021 | 3.60% |
API Access
Manulife Financial Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=MFC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "MFC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=MFC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();