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

Manulife Financial's (MFC) quarterly Tax Provisions came in at $1.0 billion in Q4 2023, up 468.32% year-on-year from $176.8 million in Q4 2022, and up 2541.38% quarter-over-quarter from $38.0 million in Q3 2023.

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

Manulife Financial has disclosed Tax Provisions across 15 years of filings, most recently posting $1.0 billion for Q4 2023.

  • Tax Provisions for Q4 2023 came in at $1.0 billion, up 468.32% year-over-year; the trailing twelve-month figure through Dec 2023 was $617.0 million (up 167.16% YoY), and the FY2025 annual result was $741.5 million, down 14.54% from the prior year.
  • Tax Provisions came in at $1.0 billion for Q4 2023 at Manulife Financial, up 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.
  • The 5-year median for Tax Provisions is -$188.3 million (2023), against an average of -$135.7 million.
  • Across the five-year window, Tax Provisions tumbled 11448.02% in 2022 and surged 468.32% in 2023, its largest moves.
  • Manulife Financial's Tax Provisions stood at -$67.4 million in 2019, then tumbled by 154.86% to -$171.8 million in 2020, then slumped by 98.54% to -$341.1 million in 2021, then surged by 151.83% to $176.8 million in 2022, then soared by 468.32% to $1.0 billion in 2023.
  • The last three Tax Provisions figures came in at $1.0 billion (Q4 2023), $38.0 million (Q3 2023), and -$197.3 million (Q2 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Manulife Financial 569.94 Bn 569.94 Bn - -
2 Aflac 59.18 Bn 53.52 Bn 1.48 Bn 206.00 Mn
3 Metlife 55.03 Bn 39.09 Bn 256.00 Mn 345.00 Mn
4 Unum 14.28 Bn 4.32 Bn 1.40 Bn 70.70 Mn
5 Globe Life 12.35 Bn 11.67 Bn 1.45 Bn 63.61 Mn
6 Primerica 8.38 Bn 8.38 Bn 770.81 Mn 59.32 Mn
7 Jackson Financial 7.49 Bn 1.65 Bn - 20.00 Mn
8 Lincoln National 6.73 Bn -8.95 Bn 3.25 Bn -74.00 Mn
9 CNO Financial 4.53 Bn 4.20 Bn 754.30 Mn 10.70 Mn
10 Prudential 4.33 Bn 4.33 Bn - -

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