Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Manulife Financial's retained earnings for the quarter that ended in Mar. 2026 was ₱226,110 Mil.
Manulife Financial's quarterly retained earnings
declined
from Sep. 2025 (₱226,967 Mil) to Dec. 2025 (₱224,701 Mil) but then
increased
from Dec. 2025 (₱224,701 Mil) to Mar. 2026 (₱226,110 Mil).
Manulife Financial's annual retained earnings
declined
from Dec. 2023 (₱221,621 Mil) to Dec. 2024 (₱206,313 Mil) but then
increased
from Dec. 2024 (₱206,313 Mil) to Dec. 2025 (₱224,701 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Manulife Financial Retained Earnings Historical Data
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The historical data trend for Manulife Financial's Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of ₱226,110 Mil mean?
Manulife Financial (PHS:MFC) has a Retained Earnings of ₱226,110 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Manulife Financial and its competitors.
Is Manulife Financial's Retained Earnings too high?
Manulife Financial's current Retained Earnings is ₱226,110 Mil. Overall, Manulife Financial has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manulife Financial's Retained Earnings compare to AFL and MET?
Manulife Financial's Retained Earnings of ₱226,110 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Insurance company?
A good Retained Earnings depends on the Insurance industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Manulife Financial and its competitors. Manulife Financial's current Retained Earnings is ₱226,110 Mil. 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?
Based on GuruFocus' analysis, Manulife Financial (PHS:MFC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱1,734.33, compared to a current price of ₱2,398.00 — trading 38.3% above its estimated fair value. The current Retained Earnings is ₱226,110 Mil. Manulife Financial's overall GF Score™ is 71/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Manulife Financial (PHS:MFC), the current Retained Earnings is ₱226,110 Mil 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.
Is Manulife Financial (PHS:MFC) Overvalued in 2026?
Based on GuruFocus' analysis, Manulife Financial stock appears to be overvalued.
The current stock price of ₱2,398.00 is trading 38.3% above its estimated GF Value™ of ₱1,734.33.
GuruFocus considers Manulife Financial to be Significantly Overvalued.
Key valuation signals for PHS:MFC:
Retained Earnings: ₱226,110 Mil
GF Value™: ₱1,734.33 vs. price of ₱2,398.00 (38.3% above fair value)
No single metric tells the full story. See the PHS:MFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
71GF Score
Get the complete analysis for PHS:MFC
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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