Manulife Financial (MFC) revenue breakdown
By segment, Subsidiaries on a combined basis is the largest at 100% of fiscal 2025 revenue, growing 9% a year over 3 years.
By region, Asia is the largest at 74% of fiscal 2022 revenue, growing -6% a year over 5 years.
Revenue by segment
Fiscal years, as Manulife Financial reports them in its 10-K filings; fiscal 2025 total $8.1B.
| Segments | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Subsidiaries on a combined basis | — | — | — | — | — | $6.2B | $6.7B | $7.6B | $8.1B | 100% |
| MFC (Guarantor) | — | — | — | — | — | -$36M | $14M | -$34M | $24M | 0% |
| MLI consolidated | — | — | — | $78.9B | — | — | — | — | — | — |
| Other subsidiaries | — | — | — | — | $52.6B | — | — | — | — | — |
| Asia Division | $20.7B | $19.7B | $28.7B | — | — | — | — | — | — | — |
| US Division | $21.3B | $586M | $24.6B | — | — | — | — | — | — | — |
| Canadian Division | $11.2B | $13.6B | $19.6B | — | — | — | — | — | — | — |
| JHUSA (Issuer) | — | — | — | — | $10.4B | — | — | — | — | — |
| Global wealth and asset management | $5.2B | $5.5B | $5.6B | — | — | — | — | — | — | — |
| MFC (Guarantor) | — | — | — | — | $563M | — | — | — | — | — |
| MFC | — | — | — | $547M | — | — | — | — | — | — |
| Other subsidiaries of MFC on a combined basis | — | — | — | $520M | — | — | — | — | — | — |
| Manulife Finance (Delaware), L.P. | — | — | — | $32M | — | — | — | — | — | — |
| MFLP | — | — | — | — | — | — | -$7M | — | — | — |
| Consolidating adjustments | — | — | — | -$1.1B | — | — | — | — | — | — |
| Consolidation adjustments | — | — | — | — | — | -$3M | -$4M | $2M | -$11M | -0% |
| MFLP | — | — | — | — | — | — | — | — | -$12M | -0% |
Revenue by region
Fiscal years, as Manulife Financial reports them in its 10-K filings; fiscal 2022 total $21.5B.
| Regions | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | Share |
|---|---|---|---|---|---|---|---|
| Asia | $21.7B | $20.7B | $29.9B | $30.0B | $31.2B | $15.8B | 74% |
| Canada | $12.2B | $14.8B | $21.2B | $20.0B | $13.9B | $4.9B | 23% |
| Other | $542M | $649M | $599M | $478M | $595M | $822M | 4% |
| U.S. | $23.9B | $2.8B | $27.8B | $28.5B | $16.2B | -$4.4B | -20% |
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Where does Manulife Financial make its money?
In fiscal 2025, by segment: Subsidiaries on a combined basis $8.1B, MFC (Guarantor) $24M.
From Manulife Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.