AEG vs. MFC: Aegon vs. Manulife Financial Stock Comparison
How do Aegon (AEG) and Manulife Financial (MFC) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Aegon (AEG) and Manulife Financial (MFC) are both classified in the Life & Health Insurance sub-industry within the broader Insurance industry, placing them in the closest GICS peer bucket.
Manulife Financial (MFC) trades as ordinary local shares, while Aegon (AEG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | AEG | MFC |
|---|---|---|
| Name | Aegon Ltd. New York Registry Shares | Manulife Financial Corporation |
| Country/Region | Netherlands | Canada |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Life & Health Insurance | Life & Health Insurance |
| Market Capitalization | 12.09 billion USD | 71.43 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | June 28, 1985 | September 24, 1999 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AEG | MFC |
|---|---|---|
| Total Return (1Y) | 19.25% | 36.28% |
| Total Return (3Y, Annualized) | 26.15% | 38.35% |
| Total Return (5Y, Annualized) | 17.53% | 22.50% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | AEG | MFC |
|---|---|---|
| Volatility (1Y, Annualized) | 24.91% | 20.87% |
| Beta (5Y) | 0.85 | 0.85 |
| Max Drawdown (5Y) | -36.55% | -26.99% |
| Avg. Volume (3M) | 5.27M | 1.92M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | AEG | MFC |
|---|---|---|
| Sharpe Ratio (1Y) | 0.60 | 1.53 |
| Sortino Ratio (1Y) | 0.84 | 2.19 |
Profitability
ROE (TTM)
Both Aegon (AEG) at 11.07% and Manulife Financial (MFC) at 12.24% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
AEG
Insurance industry group
11.07%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- AEG
- 11.07%
- Q1
- 8.79%
- Min
- -10.66%
MFC
Insurance industry group
12.24%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- MFC
- 12.24%
- Q1
- 8.79%
- Min
- -10.66%
Net Margin (TTM)
Manulife Financial (MFC) at 18.97% retains a top-quartile share of revenue as profit, ahead of Aegon (AEG) at 8.62%, which keeps about the industry-typical share.
AEG
Insurance industry group
8.62%
- Max
- 29.92%
- Q3
- 17.03%
- Median
- 10.97%
- AEG
- 8.62%
- Q1
- 6.21%
- Min
- -4.68%
MFC
Insurance industry group
18.97%
- Max
- 29.92%
- MFC
- 18.97%
- Q3
- 17.03%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Aegon (AEG) in Insurance and Manulife Financial (MFC) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | AEG | MFC |
|---|---|---|
| ROE (TTM) | 11.07% | 12.24% |
| ROA (TTM) | 0.10% | 0.59% |
| Net Margin (TTM) | 8.62% | 18.97% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Only one side can be read here: Aegon (AEG) reports revenue growth of 37.63%, ranked against its industry; Manulife Financial (MFC) has no revenue growth figure this period.
EPS Growth
Aegon (AEG) at 59.46% sits in the top EPS growth quartile, while Manulife Financial (MFC) at 8.10% is closer to the peer norm — faster per-share earnings growth for AEG.
Growth Metrics
| Metric | AEG | MFC |
|---|---|---|
| Revenue Growth (YoY) | 37.63% | -- |
| Revenue Growth (3Y CAGR) | -- | 29.95% |
| EPS Growth (YoY) | 59.46% | 8.10% |
| EPS Growth (3Y CAGR) | -- | -5.86% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Aegon (AEG) in Insurance and Manulife Financial (MFC) in Insurance both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: Aegon (AEG) in Insurance and Manulife Financial (MFC) in Insurance run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | AEG | MFC |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Aegon (AEG) at 4.96% and Manulife Financial (MFC) at 4.32% offer top-quartile dividend income relative to share price within their industries.
AEG
Insurance industry group
4.96%
- Max
- 5.12%
- AEG
- 4.96%
- Q3
- 2.15%
- Median
- 0.98%
- Q1
- 0.00%
- Min
- 0.00%
MFC
Insurance industry group
4.32%
- Max
- 5.12%
- MFC
- 4.32%
- Q3
- 2.15%
- Median
- 0.98%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Aegon (AEG) at 61.52% and Manulife Financial (MFC) at 54.30% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.
AEG
Insurance industry group
61.52%
- Max
- 76.67%
- AEG
- 61.52%
- Q3
- 35.18%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
MFC
Insurance industry group
54.30%
- Max
- 76.67%
- MFC
- 54.30%
- Q3
- 35.18%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | AEG | MFC |
|---|---|---|
| Dividend Yield (TTM) | 4.96% | 4.32% |
| Dividend Payout Ratio (TTM) | 61.52% | 54.30% |
Valuation
P/E Ratio (TTM)
Both Aegon (AEG) at 12.03 and Manulife Financial (MFC) at 17.23 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
AEG
Insurance industry group
12.03
- Max
- 28.37
- Q3
- 18.75
- Median
- 12.23
- AEG
- 12.03
- Q1
- 9.08
- Min
- 2.32
MFC
Insurance industry group
17.23
- Max
- 28.37
- Q3
- 18.75
- MFC
- 17.23
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
P/S Ratio (TTM)
On P/S ratio, both Aegon (AEG) at 1.04 and Manulife Financial (MFC) at 2.11 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
AEG
Insurance industry group
1.04
- Max
- 4.03
- Q3
- 2.25
- Median
- 1.23
- AEG
- 1.04
- Q1
- 0.85
- Min
- 0.07
MFC
Insurance industry group
2.11
- Max
- 4.03
- Q3
- 2.25
- MFC
- 2.11
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
P/B Ratio (MRQ)
On P/B ratio, both Aegon (AEG) at 1.23 and Manulife Financial (MFC) at 2.13 are valued close to their industries’ norm against book — neither stands out from peers.
AEG
Insurance industry group
1.23
- Max
- 5.07
- Q3
- 2.79
- Median
- 1.76
- AEG
- 1.23
- Q1
- 1.23
- Min
- 0.30
MFC
Insurance industry group
2.13
- Max
- 5.07
- Q3
- 2.79
- MFC
- 2.13
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
Valuation Metrics
| Metric | AEG | MFC |
|---|---|---|
| P/E Ratio (TTM) | 12.03 | 17.23 |
| P/S Ratio (TTM) | 1.04 | 2.11 |
| P/B Ratio (MRQ) | 1.23 | 2.13 |
| Free Cash Flow Yield (TTM) | -- | -- |