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Jackson Financial vs Manulife Financial

Jackson Financial and Manulife Financial are similar in size: $6.68bn and $5.82bn of revenue in their latest fiscal years. Jackson Financial grew faster (104.3% against 5.0%). Manulife Financial kept more of each dollar of sales as profit: a net margin of 68.5% against 0.4%. Manulife Financial carries less debt relative to equity (15.3% against 20.4%).

Latest fiscal yearJackson FinancialJXN, 2025Manulife FinancialMFC, 2025
Revenue $6.68bn $5.82bn
Revenue growth 104.3% 5.0%
Net income $27.0m $3.99bn
Operating margin — —
Net margin 0.4% 68.5%
Return on equity 0.3% 11.1%
Free cash flow — —
Cash $5.70bn $19.47bn
Total debt $2.03bn $5.60bn
Debt to equity 20.4% 15.3%
Dividend per share — —
Dividend yield 2.5% —
Share buybacks $669m $1.74bn
Employees 3,890 —
Market value $9.60bn $76.65bn
Price vs our value range — —
Moat score — —
Insider trades, 12 months 0 buys, 3 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.