F&G Annuities & Life vs Manulife Financial
F&G Annuities & Life and Manulife Financial are similar in size: $5.73bn and $5.82bn of revenue in their latest fiscal years. Manulife Financial grew faster (5.0% against -0.2%). Manulife Financial kept more of each dollar of sales as profit: a net margin of 68.5% against 4.6%. Manulife Financial carries less debt relative to equity (15.3% against 47.3%).
| Latest fiscal year | F&G Annuities & LifeFG, 2025 | Manulife FinancialMFC, 2025 |
|---|---|---|
| Revenue | $5.73bn | $5.82bn |
| Revenue growth | -0.2% | 5.0% |
| Net income | $265m | $3.99bn |
| Operating margin | — | — |
| Net margin | 4.6% | 68.5% |
| Return on equity | 6.1% | 11.1% |
| Free cash flow | — | — |
| Cash | $1.49bn | $19.47bn |
| Total debt | $2.27bn | $5.60bn |
| Debt to equity | 47.3% | 15.3% |
| Dividend per share | $0.91 | — |
| Dividend yield | 5.2% | — |
| Share buybacks | $10.0m | $1.74bn |
| Employees | 1,173 | — |
| Market value | $2.84bn | $76.45bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 5 buys, 0 sales | 0 buys, 0 sales |