AFLAC (AFL) vs Manulife Financial (MFC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Manulife Financial (MFC) has outperformed AFLAC (AFL) over the past year, gaining 29.6% versus a loss of 0.2%. Over five years, MFC leads with a +106.5% price change compared with +103.0% for AFL. Manulife Financial is the larger company by market cap ($68.93 billion vs $56.52 billion), about 1.2 times the size.
On valuation, Manulife Financial trades at a lower forward P/E (11.8x vs 14.9x for AFLAC). Manulife Financial offers the higher dividend yield (4.44% vs 2.11%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AFL | MFC |
|---|---|---|
| Share price | $112.74 | $41.67 |
| Market cap | $56.52B | $68.93B |
| 1-day change | -0.78% | -2.94% |
| YTD return | +2.24% | +14.86% |
| 1-year return | -0.17% | +29.61% |
| 5-year return | +102.95% | +106.49% |
| P/E ratio (TTM) | 12.21 | 15.61 |
| Forward P/E | 14.87 | 11.84 |
| EPS (TTM) | $9.23 | $2.67 |
| Dividend yield | 2.11% | 4.44% |
| Annual dividend | $2.38 | $1.85 |
| Revenue (latest FY) | $17.16B | — |
| Revenue growth (YoY) | -9.31% | — |
| Net income (latest FY) | $3.65B | — |
| Net margin | 21.24% | — |
| 52-week high | $130.22 | $45.33 |
| 52-week low | $105.43 | $31.41 |
| Distance from 52-week high | -13.42% | -8.07% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +4.78% | -17.93% |
| Average volume | 2.07M | 2.06M |
| Shares outstanding | 501.34M | 1.65B |
| Employees | 12,716 | 37,000 |
| Sector | Finance | Finance |
| Industry | Accident &Health Insurance | Life Insurance |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MFC has outperformed AFL by 29.8 percentage points over the past year.
- Manulife Financial trades at a higher earnings multiple (15.6x vs 12.2x trailing P/E).
- Manulife Financial offers a meaningfully higher dividend yield (4.44% vs 2.11%).
About AFLAC
AFL stock →Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates in two segments, Aflac Japan and Aflac U.S.
Finance · Accident &Health Insurance · 12,716 employees
About Manulife Financial
MFC stock →Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. It operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments.
Finance · Life Insurance · 37,000 employees
AFL vs MFC FAQ
Which is bigger, AFLAC or Manulife Financial?
Manulife Financial (MFC) is larger, with a market capitalization of $68.93B compared with $56.52B for AFLAC (AFL).
Which stock has performed better over the past year, AFL or MFC?
MFC returned +29.61% over the past 12 months, compared with -0.17% for AFL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AFL or MFC?
AFL has the lower trailing P/E at 12.2, versus 15.6 for MFC. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, AFLAC or Manulife Financial?
Manulife Financial has the higher yield at 4.44%, compared with 2.11% for AFLAC.
Are AFLAC and Manulife Financial in the same industry?
Both are in the Finance sector, but in different industries: Accident &Health Insurance for AFLAC and Life Insurance for Manulife Financial.