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| Date | Value |
|---|---|
| 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 |