Manulife Financial (Manulife Financial) Tax Rate % : 15.17% (As of Dec. 2023)

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What is Manulife Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Manulife Financial's Tax Expense for the three months ended in Dec. 2023 was $240.01 Mil. Manulife Financial's Pre-Tax Income for the three months ended in Dec. 2023 was $1,582.44 Mil. Therefore, Manulife Financial's Tax Rate % for the quarter that ended in Dec. 2023 was 15.17%.

Manulife Financial Tax Rate % Historical Data

The historical data trend for Manulife Financial's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Manulife Financial Tax Rate % Chart

Manulife Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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11.54

17.65

14.93

36.93

13.10

Manulife Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															-32.42	17.98	18.45	-4.34	15.17

Manulife Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Manulife Financial's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	629.845	/	4809.183
	=	13.10 %

Manulife Financial's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	240.012	/	1582.439
	=	15.17 %

Manulife Financial Tax Rate % Related Terms

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Manulife Financial (Manulife Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Manulife Financial Corp (OTCPK:MNLCF.PFD) » Definitions » Tax Rate %

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Address

200 Bloor Street East, Toronto, ON, CAN, M4W 1E5

Website

https://www.manulife.com

Manulife Financial provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia. Its investment management business contributes approximately 20% of its earnings and has around CAD 1.35 trillion in assets under management and administration as of June 30, 2023. The U.S. business, which primarily operates under the John Hancock brand, contributes about 30% of earnings and is mainly focused on providing insurance products for estate, business, and income protection. The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings. The Canadian business segment contributes approximately 20% of earnings.