Subsidiaries On A Combined Basis was Manulife Financial’s largest segment in fiscal 2025, bringing in $8.12B of $8.12B (100%).
| Segments [axis] | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asia Division | — | — | — | — | ||||||
| Us Division | — | — | — | — | ||||||
| Canadian Division | — | — | — | — | ||||||
| Subsidiaries On A Combined Basis | — | $6.74B | $7.62B | $8.12B | ||||||
| Other Subsidiaries On A Combined Basis | $6.23B | — | — | — | ||||||
| Global Wealth & Asset Management | — | — | — | — | ||||||
| Corporate & Other | — | — | — | — | ||||||
| Manulife Finance (Delaware), L.P.[Member] | $15.00M | — | — | — | ||||||
| Mfc (Guarantor) | — | $14.00M | -$34.00M | $24.00M | ||||||
| Mflp | — | -$7.00M | $20.00M | -$12.00M | ||||||
| Consolidation Adjustments | — | -$4.00M | $2.00M | -$11.00M | ||||||
| Consolidating Adjustments | -$3.00M | — | — | — | ||||||
| Mfc | -$36.00M | — | — | — | ||||||
| Total | $6.20B | $6.74B | $7.61B | $8.12B |
Manulife Financial brought in $8.12B from its four segments in fiscal 2025, the year ended December 31, 2025. That was up 6.7% from $7.61B in fiscal 2024. Subsidiaries On A Combined Basis was the largest at $8.12B (100.0%), ahead of Mfc (Guarantor) at $24.00M (0.3%).
Manulife Financial began breaking out Subsidiaries On A Combined Basis in fiscal 2023, Mfc (Guarantor) in fiscal 2023, Mflp in fiscal 2023 and Consolidation Adjustments in fiscal 2023. Manulife Financial stopped reporting Other Subsidiaries On A Combined Basis ($6.23B in fiscal 2022) and Manulife Finance (Delaware), L.P.[Member] ($15.00M in fiscal 2022) as separate segments. The total is net of Mflp, which took $12.00M off revenue in fiscal 2025.
Mli Consolidated was Manulife Financial’s largest revenue line in fiscal 2019, bringing in $79.71B of $79.57B (100%).
| Consolidated and separate financial statements [axis] | FY 2016 | FY 2017 | FY 2018 | FY 2019 |
|---|---|---|---|---|
| Mli Consolidated | — | $58.45B | $38.99B | $79.71B |
| Other Subsidiaries | $42.81B | — | — | — |
| Jhusa (Issuer) | $13.78B | — | — | — |
| Mfc | $518.00M | $182.00M | $443.00M | $371.00M |
| Other Subsidiaries Of Mfc On A Combined Basis | — | $270.00M | $434.00M | $417.00M |
| Consolidating Adjustments | — | -$574.00M | -$899.00M | -$929.00M |
| Consolidation Adjustments | -$3.77B | — | — | — |
| Total | $53.34B | $58.32B | $38.97B | $79.57B |
Manulife Financial brought in $79.57B from its four revenue lines in fiscal 2019, the year ended December 31, 2019. That was up 104.2% from $38.97B in fiscal 2018. Mli Consolidated was the largest at $79.71B (100.2%), ahead of Other Subsidiaries Of Mfc On A Combined Basis at $417.00M (0.5%) and Mfc at $371.00M (0.5%).
Manulife Financial began breaking out Mli Consolidated in fiscal 2017, Other Subsidiaries Of Mfc On A Combined Basis in fiscal 2017 and Consolidating Adjustments in fiscal 2017. Manulife Financial stopped reporting Other Subsidiaries ($42.81B in fiscal 2016) and Jhusa (Issuer) ($13.78B in fiscal 2016) as separate revenue lines. The total is net of Consolidating Adjustments, which took $929.00M off revenue in fiscal 2019.
Asia was Manulife Financial’s largest region in fiscal 2021, bringing in $31.20B of $61.82B (50%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|---|---|
| Asia | $20.67B | $29.93B | $29.95B | $31.20B | ||
| U.S. | $2.80B | $27.84B | $28.47B | $16.16B | ||
| U.S | — | — | — | — | ||
| Canada | $14.85B | $21.20B | $20.01B | $13.87B | ||
| Other | $649.00M | $599.00M | $478.00M | $595.00M | ||
| Total | $38.97B | $79.57B | $78.91B | $61.82B |
Manulife Financial brought in $61.82B from its four regions in fiscal 2021, the year ended December 31, 2021. That was down 21.7% from $78.91B in fiscal 2020. Asia was the largest at $31.20B (50.5%), ahead of U.S. at $16.16B (26.1%) and Canada at $13.87B (22.4%). The remaining region, Other, brought in $595.00M.
Compared with fiscal 2020, Asia grew fastest, up 4.2% to $31.20B, while U.S. fell the most, down 43.3% to $16.16B. From fiscal 2018 to 2021, combined revenue from these regions grew from $38.97B to $61.82B, a compound annual growth rate of 16.6%. Asia's share of the total fell from 53.0% to 50.5%.
Manulife Financial (MNUFF) reports its revenue by segments [axis], by consolidated and separate financial statements [axis] and by geography. In fiscal 2025, Subsidiaries On A Combined Basis was its largest segment, bringing in $8.12B (100.0% of the total), followed by Mfc (Guarantor) at $24.00M (0.3%).
Subsidiaries On A Combined Basis was Manulife Financial's largest segment in fiscal 2025, bringing in $8.12B, or 100.0% of the $8.12B total across its four segments.
Mli Consolidated was Manulife Financial's largest revenue line in fiscal 2019, bringing in $79.71B, or 100.2% of the $79.57B total across its four revenue lines.
Asia was Manulife Financial's largest region in fiscal 2021, bringing in $31.20B, or 50.5% of the $61.82B total across its four regions.
Among Manulife Financial's regions that make up at least 2% of revenue, Asia grew fastest in fiscal 2021, up 4.2% from $29.95B to $31.20B.
Every figure comes from Manulife Financial's annual financial filings, as reported. Each line keeps the name Manulife Financial gives it, and years follow its fiscal calendar.
Manulife Financial's revenue by segments [axis] goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.