Manulife Financial (MFC) Tax Provisions (2009 - 2023)

Manulife Financial (MFC) reported Tax Provisions of $1.0 billion for Q4 2023, up 468.32% on a YoY basis from $176.8 million in Q4 2022, and up 2541.38% sequentially from $38.0 million in Q3 2023.

Manulife Financial (MFC) Tax Provisions (2009 - 2023) Analysis & Trends

Manulife Financial (MFC) has 15 years of Tax Provisions data on file, last reported at $1.0 billion in Q4 2023.

  • For the quarter ending Q4 2023, Tax Provisions rose 468.32% year-over-year to $1.0 billion; the trailing twelve-month figure through Dec 2023 stood at $617.0 million (up 167.16% YoY), and the FY2025 full-year result was $741.5 million, down 14.54% from the prior year.
  • Tax Provisions grew to $1.0 billion in Q4 2023, from $38.0 million in the prior quarter.
  • In the past five years, Tax Provisions ranged from a high of $1.0 billion in Q4 2023 to a low of -$638.7 million in Q1 2022.
  • A 5-year average of -$135.7 million and a median of -$188.3 million in 2023 frame the typical range for Tax Provisions.
  • Across the five-year window, Tax Provisions sank 11448.02% in 2022 and surged 468.32% in 2023, its largest moves.
  • Tracing MFC's Tax Provisions over 5 years: stood at -$67.4 million in 2019, then plunged by 154.86% to -$171.8 million in 2020, then tumbled by 98.54% to -$341.1 million in 2021, then jumped by 151.83% to $176.8 million in 2022, then surged by 468.32% to $1.0 billion in 2023.
  • Business Quant data shows MFC's Tax Provisions at $1.0 billion in Q4 2023, $38.0 million in Q3 2023, and -$197.3 million in Q2 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Prudential 75.05 Bn 67.97 Bn - 1.22 Bn
2 Aflac 63.80 Bn 58.14 Bn 2.51 Bn 206.00 Mn
3 Metlife 60.34 Bn 44.39 Bn 256.00 Mn 345.00 Mn
4 Manulife Financial 52.65 Bn 53.78 Bn - -
5 Unum 14.19 Bn 4.23 Bn 1.40 Bn 37.80 Mn
6 Primerica 9.76 Bn 9.08 Bn 770.81 Mn 59.32 Mn
7 Jackson Financial 8.17 Bn 3.03 Bn - 20.00 Mn
8 Lincoln National 7.81 Bn -1.09 Bn 3.25 Bn -74.00 Mn
9 F&G Annuities & Life 3.87 Bn 1.67 Bn 1.15 Bn 74.00 Mn
10 Genworth Financial 3.84 Bn 2.75 Bn 553.00 Mn 31.00 Mn

Historic Data

Download Data
DateValue
Dec 31, 2023 1.00 Bn
Sep 30, 2023 38.04 Mn
Jun 30, 2023 -197.28 Mn
Mar 31, 2023 -228.57 Mn
Dec 31, 2022 176.81 Mn
Sep 30, 2022 -254.56 Mn
Jun 30, 2022 -202.36 Mn
Mar 31, 2022 -638.69 Mn
Dec 31, 2021 -341.13 Mn
Sep 30, 2021 -131.87 Mn
Jun 30, 2021 -496.25 Mn
Mar 31, 2021 -5.53 Mn
Dec 31, 2020 -171.82 Mn
Sep 30, 2020 -285.91 Mn
Jun 30, 2020 5.05 Mn
Mar 31, 2020 -445.30 Mn
Dec 31, 2019 -67.42 Mn
Sep 30, 2019 -75.76 Mn
Jun 30, 2019 -179.38 Mn
Mar 31, 2019 -217.31 Mn