Manulife Financial (TSX:MFC.PR.M.PFD) OCF Margin %: 29.81% (As of Mar. 2026) — 31% Below Median


TSX:MFC.PR.M.PFD Manulife Financial Corp TSX:MFC.PR.M.PFD
70 GF Score
Price C$25.03
! 8 Warning Signs
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What is Manulife Financial OCF Margin %?

Manulife Financial TSX:MFC.PR.M.PFD 70 OCF Margin % is 29.81% as of Mar. 2026, which is 31% below its 10-year median of 43.16. GuruFocus rates TSX:MFC.PR.M.PFD with a GF Score™ of 70/100. The stock has 8 warning signs investors should review. Among 501 Insurance companies, Manulife Financial ranks better than 94.01% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Manulife Financial's Cash Flow from Operations for the three months ended in Mar. 2026 was C$3,536.00 Mil. Manulife Financial's Revenue for the three months ended in Mar. 2026 was C$11,861.00 Mil. Therefore, Manulife Financial's OCF Margin % for the quarter that ended in Mar. 2026 was 29.81%.

As of today, Manulife Financial's current OCF Yield % is 30.54%.

The historical rank and industry rank for Manulife Financial's OCF Margin % or its related term are showing as below:


During the past 13 years, the highest OCF Margin % of Manulife Financial was 68.83%. The lowest was 26.00%. And the median was 43.16%.

TSX:MFC.PR.M.PFD's OCF Margin % is not ranked *
in the Insurance industry.
Industry Median: 10.85
* Ranked among companies with meaningful OCF Margin % only.

Manulife Financial OCF Margin % Related Terms

Manulife Financial OCF Margin % Historical Data

* Premium members only.

The historical data trend for Manulife Financial's OCF Margin % 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.

Manulife Financial OCF Margin % Chart

Manulife Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.69 68.83 47.62 57.35 60.56

Manulife Financial Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58.80 46.00 55.09 100.02 29.81
TSX:MFC.PR.M.PFD
70GF Score
Manulife Financial Corp TSX:MFC.PR.M.PFD
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Manulife Financial OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Manulife Financial's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=32105/53014
=60.56 %

Manulife Financial's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=3536/11861
=29.81 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 29.81% mean?
Manulife Financial (TSX:MFC.PR.M.PFD) has a OCF Margin % of 29.81% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Manulife Financial and its competitors. This is 31% below median its historical median of 43.16. Over the past decade, Manulife Financial's OCF Margin % has ranged from 26.00 to 68.83. According to the industry distribution chart, Manulife Financial ranks #30 out of 501 companies in the Insurance industry, placing it in the top 6%.
Is Manulife Financial's OCF Margin % too high?
Manulife Financial's current OCF Margin % of 29.81% is 31% below median its 10-year median of 43.16. Over the past 10 years, this metric has ranged from a low of 26.00 to a high of 68.83. The Insurance industry median OCF Margin % is 10.85. Manulife Financial's value of 29.81% is 174.7% above this industry median. Based on the distribution chart, Manulife Financial ranks #30 out of 501 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Manulife Financial has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Manulife Financial's OCF Margin % compare to AFL and MET?
According to the Insurance industry distribution chart, Manulife Financial ranks #30 out of 501 companies for OCF Margin %. This places Manulife Financial in the top 6% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 10.85. Manulife Financial's value of 29.81% is 174.7% above this benchmark. Historically, Manulife Financial's own OCF Margin % has ranged from 26.00 to 68.83 over the past decade. While the company's 10-year median is 43.16 vs. the industry median of 10.85, Manulife Financial has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for an Insurance company?
The median OCF Margin % among Insurance companies is 10.85, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manulife Financial's current OCF Margin % of 29.81% is 174.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Manulife Financial and its competitors. For the Insurance industry, the median OCF Margin % is 10.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife Financial's current OCF Margin % is 29.81%, which is 31% below median its own 10-year median of 43.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manulife Financial stock overvalued right now?
Manulife Financial (TSX:MFC.PR.M.PFD) has a current OCF Margin % of 29.81%. The current OCF Margin % is 29.81%, which is 31% below median its 10-year median of 43.16 and 174.7% above the Insurance industry median of 10.85. Manulife Financial's overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Manulife Financial (TSX:MFC.PR.M.PFD), the current OCF Margin % is 29.81% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Manulife Financial Business Description

Address 200 Bloor Street East, Toronto, ON, CAN, M4W 1E5
Manulife Financial is one of the Big Three Canadian life insurers. The firm provides life insurance, annuities, asset management, and wealth management products to individuals and group customers in Canada, the United States, and Asia. The Canadian business segment contributes approximately 21% of 2025 adjusted earnings. The Asia segment operates across 12 countries and contributes around 38% of earnings, with a significant presence in Hong Kong and Singapore. The US business, which primarily operates under the John Hancock brand, contributes about 16% of earnings. Manulife's global asset and wealth management business contributes approximately 25% of its earnings and had around CAD 1.1 trillion in assets under management and administration as of the end of 2025.
70GF Score

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OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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