AJG vs. MFC: Arthur J. Gallagher vs. Manulife Financial Stock Comparison
How do Arthur J. Gallagher (AJG) 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
Arthur J. Gallagher (AJG) and Manulife Financial (MFC) both belong to the Insurance industry, though AJG is classified under Insurance Brokers while MFC falls under Life & Health Insurance.
| Profile Item | AJG | MFC |
|---|---|---|
| Name | Arthur J. Gallagher & Co. | Manulife Financial Corporation |
| Country/Region | United States | Canada |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Insurance Brokers | Life & Health Insurance |
| Market Capitalization | 67.34 billion USD | 73.57 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | June 20, 1984 | September 24, 1999 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AJG | MFC |
|---|---|---|
| Total Return (1Y) | -11.52% | 47.45% |
| Total Return (3Y, Annualized) | 5.28% | 38.30% |
| Total Return (5Y, Annualized) | 13.65% | 23.09% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | AJG | MFC |
|---|---|---|
| Volatility (1Y, Annualized) | 30.61% | 20.00% |
| Beta (5Y) | 0.53 | 0.84 |
| Max Drawdown (5Y) | -44.40% | -26.99% |
| Avg. Volume (3M) | 1.60M | 2.15M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | AJG | MFC |
|---|---|---|
| Sharpe Ratio (1Y) | -0.51 | 2.17 |
| Sortino Ratio (1Y) | -0.70 | 3.21 |
Profitability
ROE (TTM)
Manulife Financial (MFC) at 13.31% is around its peer norm for ROE, while Arthur J. Gallagher (AJG) at 6.72% drops into the bottom quartile, signaling weaker returns on shareholders’ equity.
AJG
Insurance industry group
6.72%
- Max
- 38.99%
- Q3
- 22.13%
- Median
- 15.10%
- Q1
- 10.16%
- AJG
- 6.72%
- Min
- -3.97%
MFC
Insurance industry group
13.31%
- Max
- 38.99%
- Q3
- 22.13%
- Median
- 15.10%
- MFC
- 13.31%
- Q1
- 10.16%
- Min
- -3.97%
Net Margin (TTM)
Manulife Financial (MFC) at 20.31% retains a top-quartile share of revenue as profit, ahead of Arthur J. Gallagher (AJG) at 10.38%, which keeps about the industry-typical share.
AJG
Insurance industry group
10.38%
- Max
- 37.68%
- Q3
- 19.27%
- Median
- 11.38%
- AJG
- 10.38%
- Q1
- 5.91%
- Min
- -10.79%
MFC
Insurance industry group
20.31%
- Max
- 37.68%
- MFC
- 20.31%
- Q3
- 19.27%
- Median
- 11.38%
- Q1
- 5.91%
- Min
- -10.79%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Arthur J. Gallagher (AJG) 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 | AJG | MFC |
|---|---|---|
| ROE (TTM) | 6.72% | 13.31% |
| ROA (TTM) | 2.32% | 0.60% |
| Net Margin (TTM) | 10.38% | 20.31% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Only one side can be read here: Arthur J. Gallagher (AJG) reports revenue growth of 20.66%, ranked against its industry; Manulife Financial (MFC) has no revenue growth figure this period.
EPS Growth
Both Arthur J. Gallagher (AJG) at -11.69% and Manulife Financial (MFC) at 8.10% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | AJG | MFC |
|---|---|---|
| Revenue Growth (YoY) | 20.66% | -- |
| Revenue Growth (3Y CAGR) | 17.70% | 29.95% |
| EPS Growth (YoY) | -11.69% | 8.10% |
| EPS Growth (3Y CAGR) | 3.41% | -5.86% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Arthur J. Gallagher (AJG) 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: Arthur J. Gallagher (AJG) 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 | AJG | MFC |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Manulife Financial (MFC) at 4.15% delivers top-quartile income for its industry, while Arthur J. Gallagher (AJG) at 1.01% pays a more typical yield — both are credible income propositions, MFC the richer one.
AJG
Insurance industry group
1.01%
- Max
- 4.75%
- Q3
- 2.39%
- Median
- 1.22%
- AJG
- 1.01%
- Q1
- 0.00%
- Min
- 0.00%
MFC
Insurance industry group
4.15%
- Max
- 4.75%
- MFC
- 4.15%
- Q3
- 2.39%
- Median
- 1.22%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Arthur J. Gallagher (AJG) at 44.78% and Manulife Financial (MFC) at 50.14% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.
AJG
Insurance industry group
44.78%
- Max
- 79.14%
- AJG
- 44.78%
- Q3
- 34.33%
- Median
- 15.16%
- Q1
- 0.00%
- Min
- 0.00%
MFC
Insurance industry group
50.14%
- Max
- 79.14%
- MFC
- 50.14%
- Q3
- 34.33%
- Median
- 15.16%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | AJG | MFC |
|---|---|---|
| Dividend Yield (TTM) | 1.01% | 4.15% |
| Dividend Payout Ratio (TTM) | 44.78% | 50.14% |
Valuation
P/E Ratio (TTM)
Manulife Financial (MFC) at 16.67 is near its industry’s usual P/E ratio, while Arthur J. Gallagher (AJG) at 43.49 sits above its peer range — an unusually expensive price for AJG’s trailing earnings.
AJG
Insurance industry group
43.49
- AJG
- 43.49
- Max
- 26.55
- Q3
- 18.58
- Median
- 12.20
- Q1
- 8.75
- Min
- 3.69
MFC
Insurance industry group
16.67
- Max
- 26.55
- Q3
- 18.58
- MFC
- 16.67
- Median
- 12.20
- Q1
- 8.75
- Min
- 3.69
P/S Ratio (TTM)
Manulife Financial (MFC) at 2.22 prices around its industry’s typical P/S ratio, while Arthur J. Gallagher (AJG) at 4.46 clears its benchmark range — AJG looks notably rich on sales.
AJG
Insurance industry group
4.46
- AJG
- 4.46
- Max
- 4.11
- Q3
- 2.24
- Median
- 1.25
- Q1
- 0.89
- Min
- 0.08
MFC
Insurance industry group
2.22
- Max
- 4.11
- Q3
- 2.24
- MFC
- 2.22
- Median
- 1.25
- Q1
- 0.89
- Min
- 0.08
P/B Ratio (MRQ)
Manulife Financial (MFC) at 2.01 is valued about in line with its industry on P/B ratio, while Arthur J. Gallagher (AJG) at 2.84 carries an above-peer premium to book — AJG is pricier on assets.
AJG
Insurance industry group
2.84
- Max
- 4.03
- AJG
- 2.84
- Q3
- 2.56
- Median
- 1.81
- Q1
- 1.21
- Min
- 0.44
MFC
Insurance industry group
2.01
- Max
- 4.03
- Q3
- 2.56
- MFC
- 2.01
- Median
- 1.81
- Q1
- 1.21
- Min
- 0.44
Valuation Metrics
| Metric | AJG | MFC |
|---|---|---|
| P/E Ratio (TTM) | 43.49 | 16.67 |
| P/S Ratio (TTM) | 4.46 | 2.22 |
| P/B Ratio (MRQ) | 2.84 | 2.01 |
| Free Cash Flow Yield (TTM) | -- | -- |