Manulife Financial (MFC) Tax Rate (2009 - 2025)
Manulife Financial's (MFC) quarterly Tax Rate came in at 83.73% in Q4 2025, up 294.0% year-over-year from 21.25% in Q4 2024, and up 3.64% quarter-over-quarter from 80.79% in Q4 2024.
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Manulife Financial (MFC) Tax Rate (2009 - 2025) Analysis & Trends
Manulife Financial has disclosed Tax Rate across 17 years of filings, most recently posting 83.73% for Q4 2025.
- In Q4 2025, Tax Rate rose 294.0% year-over-year to 83.73%; the TTM figure through Dec 2025 stood at 66.77% (up 2678.0% YoY), while the FY2025 annual figure was 85.74%, up 1402.0% from the prior year.
- Tax Rate came in at 83.73% for Q4 2025 at Manulife Financial, up from 80.79% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 83.73% in Q4 2025 to a low of 26.46% in Q1 2022.
- Average Tax Rate over 5 years is 8.7%, with a median of 11.81% recorded in 2021.
- The largest YoY upside for Tax Rate was 4976 bps in 2022 against a maximum downside of 2566 bps in 2022.
- Over 5 years, Tax Rate stood at 17.33% in 2021, then surged by 287 bps to 32.42% in 2022, then jumped by 99 bps to 64.44% in 2023, then gained by 25 bps to 80.79% in 2024, then rose by 4 bps to 83.73% in 2025.
- Per Business Quant data, the three most recent Tax Rate figures were 83.73% in Q4 2025, 80.79% in Q4 2024, and 64.44% in Q4 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Manulife Financial | 75.56 Bn | 76.77 Bn | - | - |
| 2 | Metlife | 61.89 Bn | 34.88 Bn | 7.82 Bn | 24.73% |
| 3 | Sun Life Financial | 45.01 Bn | 40.41 Bn | - | 20.91% |
| 4 | Globe Life | 16.00 Bn | 15.24 Bn | 801.48 Mn | 18.92% |
| 5 | Equitable Holdings | 14.74 Bn | -2.55 Bn | 1.22 Bn | 28.40% |
| 6 | Brookfield Wealth Solutions | 12.45 Bn | 11.71 Mn | 1.92 Bn | -19.02% |
| 7 | Corebridge Financial | 9.60 Bn | -296.03 Bn | 2.79 Bn | 96.15% |
| 8 | Jackson Financial | 9.04 Bn | 3.56 Bn | - | 0.75% |
| 9 | Primerica | 8.98 Bn | 8.35 Bn | 717.74 Mn | 21.66% |
| 10 | Lincoln National | 8.08 Bn | -3.60 Bn | 2.62 Bn | 18.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 83.73% |
| Dec 31, 2024 | 80.79% |
| Dec 31, 2023 | 64.44% |
| Sep 30, 2023 | 4.34% |
| Jun 30, 2023 | -18.45% |
| Mar 31, 2023 | -17.98% |
| Dec 31, 2022 | 32.42% |
| Sep 30, 2022 | -12.40% |
| Jun 30, 2022 | -20.82% |
| Mar 31, 2022 | -26.46% |
| Dec 31, 2021 | -17.33% |
| Sep 30, 2021 | -11.22% |
| Jun 30, 2021 | -18.53% |
| Mar 31, 2021 | -0.80% |
| Dec 31, 2020 | -10.85% |
| Sep 30, 2020 | -17.56% |
| Jun 30, 2020 | 0.84% |
| Mar 31, 2020 | -35.04% |
| Dec 31, 2019 | -7.27% |
| Sep 30, 2019 | -13.99% |