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Aon (AON) vs. Manulife Financial (MFC)

This page compares Aon (AON) with Manulife Financial (MFC) using performance and risk, profitability, financial strength, growth, dividends, and valuation metrics.

Company Profile

Aon (AON) and Manulife Financial (MFC) both belong to the Insurance industry, though AON is classified under Insurance Brokers while MFC falls under Life & Health Insurance.

SymbolAONMFC
NameAon plcManulife Financial Corporation
Country/RegionIrelandCanada
GICS SectorFinancialsFinancials
GICS Industry GroupInsuranceInsurance
GICS IndustryInsuranceInsurance
GICS Sub-IndustryInsurance BrokersLife & Health Insurance
Market Capitalization70.82 billion USD64.73 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 2, 1980September 24, 1999
Security TypeCommon StockCommon Stock

Valuation

Price-to-Earnings Ratio (TTM)

Manulife Financial (MFC) at 15.61 carries typical industry Price-to-Earnings Ratio (TTM), while Aon (AON) at 18.22 sits in the higher-multiple quartile — AON carries a higher trailing earnings multiple relative to peers.

AON

Insurance industry group

18.22

Max
28.03
Q3
16.55
Median
11.89
Q1
8.14
Min
3.32

MFC

Insurance industry group

15.61

Max
28.03
Q3
16.55
Median
11.89
Q1
8.14
Min
3.32
Aon (AON) vs. Manulife Financial (MFC): A comparison of their Price-to-Earnings Ratio (TTM) against the Insurance industry group benchmark.

Price-to-Sales Ratio (TTM)

Manulife Financial (MFC) at 2.02 is priced about in line with its industry on Price-to-Sales Ratio (TTM), while Aon (AON) at 4.05 sits in the pricier quartile — AON costs more per dollar of sales.

AON

Insurance industry group

4.05

Max
4.05
Q3
2.12
Median
1.17
Q1
0.81
Min
0.13

MFC

Insurance industry group

2.02

Max
4.05
Q3
2.12
Median
1.17
Q1
0.81
Min
0.13
Aon (AON) vs. Manulife Financial (MFC): A comparison of their Price-to-Sales Ratio (TTM) against the Insurance industry group benchmark.

Price-to-Book Ratio (MRQ)

Manulife Financial (MFC) at 1.85 sits near its industry’s typical Price-to-Book Ratio (MRQ), while Aon (AON) at 7.20 prices above its benchmark range — AON looks rich relative to book.

AON

Insurance industry group

7.20

Max
3.65
Q3
2.20
Median
1.60
Q1
1.11
Min
-0.14

MFC

Insurance industry group

1.85

Max
3.65
Q3
2.20
Median
1.60
Q1
1.11
Min
-0.14
Aon (AON) vs. Manulife Financial (MFC): A comparison of their Price-to-Book Ratio (MRQ) against the Insurance industry group benchmark.

Valuation at a Glance

SymbolAONMFC
Price-to-Earnings Ratio (TTM)18.2215.61
Price-to-Sales Ratio (TTM)4.052.02
Price-to-Book Ratio (MRQ)7.201.85
Free Cash Flow Yield4.72%8.42%

Profitability

Return on Equity (TTM)

Aon (AON) posts Return on Equity (TTM) of 46.45%, above its industry benchmark range, while Manulife Financial (MFC) at 12.56% sits closer to the industry mid-range.

AON

Insurance industry group

46.45%

Max
38.88%
Q3
22.53%
Median
14.44%
Q1
9.76%
Min
-6.23%

MFC

Insurance industry group

12.56%

Max
38.88%
Q3
22.53%
Median
14.44%
Q1
9.76%
Min
-6.23%
Aon (AON) vs. Manulife Financial (MFC): A comparison of their Return on Equity (TTM) against the Insurance industry group benchmark.

Net Profit Margin (TTM)

For every dollar of sales, both Aon (AON) at 22.54% and Manulife Financial (MFC) at 20.04% retain more as net profit than most peers, landing in the top Net Profit Margin (TTM) quartile of their industries.

AON

Insurance industry group

22.54%

Max
38.86%
Q3
19.36%
Median
11.21%
Q1
5.35%
Min
-2.80%

MFC

Insurance industry group

20.04%

Max
38.86%
Q3
19.36%
Median
11.21%
Q1
5.35%
Min
-2.80%
Aon (AON) vs. Manulife Financial (MFC): A comparison of their Net Profit Margin (TTM) against the Insurance industry group benchmark.

Operating Profit Margin (TTM)

Operating Profit Margin (TTM) isn’t a meaningful figure for either Aon (AON) in Insurance or Manulife Financial (MFC) in Insurance under our convention.

AON

Insurance industry group

35.84%

Max
47.92%
Q3
23.78%
Median
15.75%
Q1
7.31%
Min
-16.30%

MFC

Insurance industry group

19.05%

Max
47.92%
Q3
23.78%
Median
15.75%
Q1
7.31%
Min
-16.30%
Aon (AON) vs. Manulife Financial (MFC): A comparison of their Operating Profit Margin (TTM) against the Insurance industry group benchmark.

Profitability at a Glance

SymbolAONMFC
Return on Equity (TTM)46.45%12.56%
Return on Assets (TTM)6.05%0.59%
Net Profit Margin (TTM)22.54%20.04%
Operating Profit Margin (TTM)35.84%19.05%
Gross Profit Margin (TTM)47.34%50.32%

Growth

Revenue Growth

Aon (AON) vs. Manulife Financial (MFC): A comparison of their Revenue Growth across different time periods.

Revenue Growth at a Glance

SymbolAONMFC
1-Year Revenue Growth9.45%--
3-Year Revenue CAGR11.25%29.95%

EPS Growth

Aon (AON) vs. Manulife Financial (MFC): A comparison of their EPS Growth across different time periods.

EPS Growth at a Glance

SymbolAONMFC
1-Year EPS Growth36.27%8.10%
3-Year EPS CAGR11.92%-5.86%

Financial Strength

Current Ratio (MRQ)

Current Ratio (MRQ) isn’t a meaningful figure for either Aon (AON) in Insurance or Manulife Financial (MFC) in Insurance under our convention.

AON

Insurance industry group

1.07

Max
3.72
Q3
1.91
Median
1.13
Q1
0.66
Min
0.12

MFC

Insurance industry group

30.14

Max
3.72
Q3
1.91
Median
1.13
Q1
0.66
Min
0.12
Aon (AON) vs. Manulife Financial (MFC): A comparison of their Current Ratio (MRQ) against the Insurance industry group benchmark.

Debt-to-Equity Ratio (MRQ)

Debt-to-Equity Ratio (MRQ) isn’t a meaningful figure for either Aon (AON) in Insurance or Manulife Financial (MFC) in Insurance under our convention.

AON

Insurance industry group

1.55

Max
0.86
Q3
0.48
Median
0.30
Q1
0.14
Min
0.00

MFC

Insurance industry group

0.44

Max
0.86
Q3
0.48
Median
0.30
Q1
0.14
Min
0.00
Aon (AON) vs. Manulife Financial (MFC): A comparison of their Debt-to-Equity Ratio (MRQ) against the Insurance industry group benchmark.

Financial Strength at a Glance

SymbolAONMFC
Current Ratio (MRQ)1.0730.14
Debt-to-Equity Ratio (MRQ)1.550.44
Net Debt / EBITDA2.44-0.67

Dividends

Dividend Yield (TTM)

Manulife Financial (MFC) at 3.46% reports Dividend Yield (TTM) in the top quartile of industry peers, ahead of Aon (AON) at 0.99%, which sits around the industry mid-range.

AON

Insurance industry group

0.99%

Max
5.63%
Q3
2.73%
Median
1.44%
Q1
0.00%
Min
0.00%

MFC

Insurance industry group

3.46%

Max
5.63%
Q3
2.73%
Median
1.44%
Q1
0.00%
Min
0.00%
Aon (AON) vs. Manulife Financial (MFC): A comparison of their Dividend Yield (TTM) against the Insurance industry group benchmark.

Dividend Payout Ratio (TTM)

Aon (AON) at 16.36% maintains Dividend Payout Ratio (TTM) around its industry median — a balanced dividend policy. Manulife Financial (MFC) at 52.02% sits outside the typical mid-range, leaning toward more retention or more distribution than the industry median.

AON

Insurance industry group

16.36%

Max
86.52%
Q3
35.84%
Median
15.02%
Q1
0.00%
Min
0.00%

MFC

Insurance industry group

52.02%

Max
86.52%
Q3
35.84%
Median
15.02%
Q1
0.00%
Min
0.00%
Aon (AON) vs. Manulife Financial (MFC): A comparison of their Dividend Payout Ratio (TTM) against the Insurance industry group benchmark.

Dividends at a Glance

SymbolAONMFC
Dividend Yield (TTM)0.99%3.46%
Dividend Payout Ratio (TTM)16.36%52.02%

Performance & Risk

AON
MFC
Loading price history…
Aon (AON) vs. Manulife Financial (MFC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Performance & Risk at a Glance

SymbolAONMFC
1-Year Return-11.77%22.20%
1-Year Volatility23.54%20.84%
Beta0.700.84
3-Month Avg. Volume1.41M2.22M