Manulife Financial Corporation

TSX:MFC Stock Report

Market Cap: CA$74.7b

Manulife Financial Management

Management criteria checks 2/4

Manulife Financial's CEO is Phil Witherington, appointed in May 2025, has a tenure of less than a year. total yearly compensation is CA$9.16M, comprised of 11.5% salary and 88.5% bonuses, including company stock and options. directly owns 0.01% of the company’s shares, worth CA$7.82M. The average tenure of the management team and the board of directors is 1.9 years and 2.7 years respectively.

Key information

Phil Witherington

Chief executive officer

CA$9.2m

Total compensation

CEO salary percentage11.54%
CEO tenureless than a year
CEO ownership0.01%
Management average tenure1.9yrs
Board average tenure2.7yrs

Recent management updates

Recent updates

Manulife Financial (TSE:MFC) Is Increasing Its Dividend To CA$0.44

Feb 25
Manulife Financial (TSE:MFC) Is Increasing Its Dividend To CA$0.44

It's A Story Of Risk Vs Reward With Manulife Financial Corporation (TSE:MFC)

Jan 09
It's A Story Of Risk Vs Reward With Manulife Financial Corporation (TSE:MFC)

Broker Revenue Forecasts For Manulife Financial Corporation (TSE:MFC) Are Surging Higher

Nov 28
Broker Revenue Forecasts For Manulife Financial Corporation (TSE:MFC) Are Surging Higher
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Dynamic Growth In Asia And Digital Transformation Fueling Strong Revenue And Margin Expansion

Manulife's growth in Asia and digital transformations enhance revenue, efficiency, and operational margins, benefiting future earnings.

CEO Compensation Analysis

How has Phil Witherington's remuneration changed compared to Manulife Financial's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

CA$5b

Dec 31 2024CA$9mCA$1m

CA$5b

Sep 30 2024n/an/a

CA$5b

Jun 30 2024n/an/a

CA$4b

Mar 31 2024n/an/a

CA$4b

Dec 31 2023CA$8mCA$988k

CA$5b

Sep 30 2023n/an/a

CA$4b

Jun 30 2023n/an/a

CA$4b

Mar 31 2023n/an/a

CA$483m

Dec 31 2022CA$6mCA$944k

-CA$2b

Sep 30 2022n/an/a

-CA$998m

Jun 30 2022n/an/a

CA$117m

Mar 31 2022n/an/a

CA$5b

Dec 31 2021CA$6mCA$915k

CA$7b

Sep 30 2021n/an/a

CA$7b

Jun 30 2021n/an/a

CA$7b

Mar 31 2021n/an/a

CA$5b

Dec 31 2020CA$5mCA$907k

CA$6b

Sep 30 2020n/an/a

CA$5b

Jun 30 2020n/an/a

CA$4b

Mar 31 2020n/an/a

CA$5b

Dec 31 2019CA$5mCA$864k

CA$5b

Sep 30 2019n/an/a

CA$5b

Jun 30 2019n/an/a

CA$6b

Mar 31 2019n/an/a

CA$5b

Dec 31 2018CA$5mCA$850k

CA$5b

Compensation vs Market: Phil's total compensation ($USD6.73M) is about average for companies of similar size in the Canadian market ($USD7.45M).

Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.

CEO

Phil Witherington

less than a year
Tenure
CA$9,161,853
Compensation

Mr. Philip James Witherington, also known as Phil, is President, CEO & Director of The Manufacturers Life Insurance Company from 2025. Mr. Witherington is Controller of Manulife (International) Limited sin...

Leadership Team

NamePositionTenureCompensationOwnership
Philip Witherington
Presidentless than a yearCA$9.16m0.010%
CA$ 7.8m
Colin Simpson
Chief Financial Officer1.9yrsCA$5.00m0.00057%
CA$ 425.7k
Marc Costantini
Global Head of Strategy and Inforce Management3yrsCA$7.46m0.0028%
CA$ 2.1m
Paul Lorentz
President and CEO of Global Wealth & Asset Managementno dataCA$7.69m0.0046%
CA$ 3.5m
Roy Gori
Advisorless than a yearCA$20.46m0%
CA$ 0
Rahul Joshi
Chief Operations Officer6yrsCA$6.69m0.0034%
CA$ 2.6m
Trevor Kreel
Chief Investment Officerless than a yearno data0.0018%
CA$ 1.3m
Lynda Sullivan
Executive VP & Chief Accounting Officerno datano datano data
Shamus Edward Weiland
Global Chief Information Officer6.2yrsno data0.0031%
CA$ 2.3m
Hung Ko
Global Head of Treasury & Investor Relationsless than a yearno datano data
James Gallagher
General Counsel8.7yrsno data0.0016%
CA$ 1.2m
Anne Hammer
Global Chief Communications Officerno datano datano data
1.9yrs
Average Tenure

Experienced Management: MFC's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Philip Witherington
Presidentless than a yearCA$9.16m0.010%
CA$ 7.8m
Nicole Arnaboldi
Independent Corporate Director5yrsCA$372.26k0.00038%
CA$ 283.8k
Donald Kanak
Independent Director1.3yrsCA$261.67kno data
Donald Lindsay
Independent Chairman of the Board14.8yrsCA$585.97k0.0070%
CA$ 5.2m
J. Durland
Independent Director1.3yrsCA$261.67kno data
Damien Allen Green
Chairman of the Board - Manulife Asia1.9yrsno datano data
John W.P-K. Wong
Independent Director1.1yrsCA$205.98kno data
Siew Boi Tan
Independent Corporate Director3.5yrsCA$349.55kno data
Anna Manning
Independent Directorless than a yearCA$129.46k0.00030%
CA$ 224.1k
Julie Dickson
Independent Corporate Director5.8yrsCA$317.11kno data
Leagh Turner
Independent Corporate Director4.6yrsCA$317.11kno data
Guy Bainbridge
Independent Corporate Director5.8yrsCA$372.26kno data
2.7yrs
Average Tenure
66yo
Average Age

Experienced Board: MFC's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/12 17:22
End of Day Share Price 2025/06/12 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Manulife Financial Corporation is covered by 39 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark RosenAccountability Research Corporation
Ishan MajumdarBaptista Research
Taylor ScottBarclays