Manulife Financial (MFC) Tax Rate (2009 - 2023)
Manulife Financial (MFC) reported Tax Rate of 64.44% for Q4 2023, up 6690.0% on a YoY basis from 0.95% in Q4 2022, and up 1383.32% sequentially from 4.34% in Q3 2023.
Manulife Financial (MFC) Tax Rate (2009 - 2023) Analysis & Trends
Manulife Financial (MFC) has 15 years of Tax Rate data on file, last reported at 64.44% in Q4 2023.
- For the quarter ending Q4 2023, Tax Rate rose 6690.0% year-over-year to 64.44%; the trailing twelve-month figure through Dec 2023 stood at 12.92% (down 3286.0% YoY), and the FY2025 full-year result was 14.58%, down 252.0% from the prior year.
- Tax Rate climbed to 64.44% in Q4 2023, from 4.34% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 64.44% in Q4 2023 to a low of 35.04% in Q1 2020.
- A 5-year average of 9.48% and a median of 13.83% in 2019 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate sank 2359 bps in 2020 and soared 6690 bps in 2023, its largest moves.
- Tracing MFC's Tax Rate over 5 years: stood at 7.27% in 2019, then slumped by 49 bps to 10.85% in 2020, then slumped by 60 bps to 17.33% in 2021, then jumped by 86 bps to 2.46% in 2022, then surged by 2716 bps to 64.44% in 2023.
- Business Quant data shows MFC's Tax Rate at 64.44% in Q4 2023, 4.34% in Q3 2023, and 18.45% in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Prudential | 75.05 Bn | 67.97 Bn | - | 41.35% |
| 2 | Aflac | 63.80 Bn | 58.14 Bn | 2.51 Bn | 16.82% |
| 3 | Metlife | 60.34 Bn | 44.39 Bn | 256.00 Mn | 22.89% |
| 4 | Manulife Financial | 52.65 Bn | 53.78 Bn | - | - |
| 5 | Unum | 14.19 Bn | 4.23 Bn | 1.40 Bn | 12.49% |
| 6 | Primerica | 9.76 Bn | 9.08 Bn | 770.81 Mn | 23.78% |
| 7 | Jackson Financial | 8.17 Bn | 3.03 Bn | - | -5.00% |
| 8 | Lincoln National | 7.81 Bn | -1.09 Bn | 3.25 Bn | 30.08% |
| 9 | F&G Annuities & Life | 3.87 Bn | 1.67 Bn | 1.15 Bn | -2.61% |
| 10 | Genworth Financial | 3.84 Bn | 2.75 Bn | 553.00 Mn | 27.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 64.44% |
| Dec 31, 2023 | 64.44% |
| Dec 31, 2023 | 64.44% |
| Sep 30, 2023 | 4.34% |
| Sep 30, 2023 | 4.34% |
| Sep 30, 2023 | 4.34% |
| Jun 30, 2023 | -18.45% |
| Jun 30, 2023 | -18.45% |
| Jun 30, 2023 | -18.45% |
| Mar 31, 2023 | -17.98% |
| Mar 31, 2023 | -17.98% |
| Mar 31, 2023 | -17.98% |
| Dec 31, 2022 | -2.46% |
| Dec 31, 2022 | -2.46% |
| Dec 31, 2022 | -2.46% |
| Sep 30, 2022 | -20.28% |
| Sep 30, 2022 | -20.28% |
| Sep 30, 2022 | -20.28% |
| Jun 30, 2022 | -20.53% |
| Jun 30, 2022 | -20.53% |