Manulife Financial vs Primerica
Manulife Financial is the larger business, with $5.82bn of revenue in fiscal 2025 against $3.29bn for Primerica (1.8 times as much). Primerica grew faster (6.6% against 5.0%). Manulife Financial kept more of each dollar of sales as profit: a net margin of 68.5% against 22.7%. Primerica carries less debt relative to equity (0.0% against 15.3%).
| Latest fiscal year | Manulife FinancialMFC, 2025 | PrimericaPRI, 2025 |
|---|---|---|
| Revenue | $5.82bn | $3.29bn |
| Revenue growth | 5.0% | 6.6% |
| Net income | $3.99bn | $749m |
| Operating margin | — | — |
| Net margin | 68.5% | 22.7% |
| Return on equity | 11.1% | 31.8% |
| Free cash flow | — | $901m |
| Cash | $19.47bn | $756m |
| Total debt | $5.60bn | $0 |
| Debt to equity | 15.3% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | 3.2% |
| Share buybacks | $1.74bn | $450m |
| Employees | — | 2,833 |
| Market value | $76.65bn | $8.72bn |
| Price vs our value range | — | — |
| Moat score | — | 87 (Strong) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 11 sales |