Manulife Financial (MFC) vs Sun Life Financial (SLF)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Manulife Financial (MFC) has outperformed Sun Life Financial (SLF) over the past year, gaining 29.6% versus a gain of 24.6%. Over five years, MFC leads with a +106.5% price change compared with +35.7% for SLF. Manulife Financial is the larger company by market cap ($68.93 billion vs $42.16 billion), about 1.6 times the size.
On valuation, Manulife Financial trades at a lower forward P/E (11.8x vs 12.5x for Sun Life Financial). Sun Life Financial offers the higher dividend yield (4.85% vs 4.44%).
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 | MFC | SLF |
|---|---|---|
| Share price | $41.67 | $75.82 |
| Market cap | $68.93B | $42.16B |
| 1-day change | -2.94% | -2.46% |
| YTD return | +14.86% | +21.51% |
| 1-year return | +29.61% | +24.64% |
| 5-year return | +106.49% | +35.71% |
| P/E ratio (TTM) | 15.61 | 17.71 |
| Forward P/E | 11.84 | 12.47 |
| EPS (TTM) | $2.67 | $4.28 |
| Dividend yield | 4.44% | 4.85% |
| Annual dividend | $1.85 | $3.68 |
| 52-week high | $45.33 | $84.38 |
| 52-week low | $31.41 | $57.22 |
| Distance from 52-week high | -8.07% | -10.14% |
| Analyst consensus | buy | buy |
| Avg. price target upside | -17.93% | -15.66% |
| Average volume | 2.06M | 754.05K |
| Shares outstanding | 1.65B | 556.03M |
| Employees | 37,000 | 32,151 |
| Sector | Finance | Finance |
| Industry | Life 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.
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
About Sun Life Financial
SLF stock →Sun Life Financial Inc., a financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability.
Finance · Life Insurance · 32,151 employees
MFC vs SLF FAQ
Which is bigger, Manulife Financial or Sun Life Financial?
Manulife Financial (MFC) is larger, with a market capitalization of $68.93B compared with $42.16B for Sun Life Financial (SLF).
Which stock has performed better over the past year, MFC or SLF?
MFC returned +29.61% over the past 12 months, compared with +24.64% for SLF (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MFC or SLF?
MFC has the lower trailing P/E at 15.6, versus 17.7 for SLF. 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, Manulife Financial or Sun Life Financial?
Sun Life Financial has the higher yield at 4.85%, compared with 4.44% for Manulife Financial.
Are Manulife Financial and Sun Life Financial in the same industry?
Yes. Both are classified in the Life Insurance industry within the Finance sector.