BRO vs. MFC: Brown & Brown vs. Manulife Financial Stock Comparison
How do Brown & Brown (BRO) 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
Brown & Brown (BRO) and Manulife Financial (MFC) both belong to the Insurance industry, though BRO is classified under Insurance Brokers while MFC falls under Life & Health Insurance.
| Profile Item | BRO | MFC |
|---|---|---|
| Name | Brown & Brown Inc. | 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 | 23.92 billion USD | 71.43 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | February 11, 1981 | September 24, 1999 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BRO | MFC |
|---|---|---|
| Total Return (1Y) | -8.59% | 36.28% |
| Total Return (3Y, Annualized) | 0.40% | 38.35% |
| Total Return (5Y, Annualized) | 3.19% | 22.50% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | BRO | MFC |
|---|---|---|
| Volatility (1Y, Annualized) | 32.50% | 20.87% |
| Beta (5Y) | 0.51 | 0.85 |
| Max Drawdown (5Y) | -55.85% | -26.99% |
| Avg. Volume (3M) | 2.25M | 1.92M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BRO | MFC |
|---|---|---|
| Sharpe Ratio (1Y) | -0.40 | 1.53 |
| Sortino Ratio (1Y) | -0.57 | 2.19 |
Profitability
ROE (TTM)
Both Brown & Brown (BRO) at 9.80% 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.
BRO
Insurance industry group
9.80%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- BRO
- 9.80%
- 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)
For every dollar of sales, both Brown & Brown (BRO) at 17.88% and Manulife Financial (MFC) at 18.97% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
BRO
Insurance industry group
17.88%
- Max
- 29.92%
- BRO
- 17.88%
- Q3
- 17.03%
- Median
- 10.97%
- 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 Brown & Brown (BRO) 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 | BRO | MFC |
|---|---|---|
| ROE (TTM) | 9.80% | 12.24% |
| ROA (TTM) | 3.89% | 0.59% |
| Net Margin (TTM) | 17.88% | 18.97% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Only one side can be read here: Brown & Brown (BRO) reports revenue growth of 22.49%, ranked against its industry; Manulife Financial (MFC) has no revenue growth figure this period.
EPS Growth
Both Brown & Brown (BRO) at -8.67% 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 | BRO | MFC |
|---|---|---|
| Revenue Growth (YoY) | 22.49% | -- |
| Revenue Growth (3Y CAGR) | 17.38% | 29.95% |
| EPS Growth (YoY) | -8.67% | 8.10% |
| EPS Growth (3Y CAGR) | 10.06% | -5.86% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Brown & Brown (BRO) 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: Brown & Brown (BRO) 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 | BRO | MFC |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Manulife Financial (MFC) at 4.32% delivers top-quartile income for its industry, while Brown & Brown (BRO) at 0.89% pays a more typical yield — both are credible income propositions, MFC the richer one.
BRO
Insurance industry group
0.89%
- Max
- 5.12%
- Q3
- 2.15%
- Median
- 0.98%
- BRO
- 0.89%
- 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)
Brown & Brown (BRO) at 20.89% pays out a band-typical share of earnings, while Manulife Financial (MFC) at 54.30% distributes more than its industry norm — less retained, thinner cover.
BRO
Insurance industry group
20.89%
- Max
- 76.67%
- Q3
- 35.18%
- BRO
- 20.89%
- 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 | BRO | MFC |
|---|---|---|
| Dividend Yield (TTM) | 0.89% | 4.32% |
| Dividend Payout Ratio (TTM) | 20.89% | 54.30% |
Valuation
P/E Ratio (TTM)
Manulife Financial (MFC) at 17.23 is near its industry’s usual P/E ratio, while Brown & Brown (BRO) at 22.82 sits in the richer quartile — BRO needs stronger growth or earnings quality to justify the premium.
BRO
Insurance industry group
22.82
- Max
- 28.37
- BRO
- 22.82
- Q3
- 18.75
- Median
- 12.23
- 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)
Manulife Financial (MFC) at 2.11 is priced about in line with its industry on P/S ratio, while Brown & Brown (BRO) at 3.51 sits in the pricier quartile — BRO costs more per dollar of sales.
BRO
Insurance industry group
3.51
- Max
- 4.03
- BRO
- 3.51
- Q3
- 2.25
- Median
- 1.23
- 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 Brown & Brown (BRO) at 1.87 and Manulife Financial (MFC) at 2.13 are valued close to their industries’ norm against book — neither stands out from peers.
BRO
Insurance industry group
1.87
- Max
- 5.07
- Q3
- 2.79
- BRO
- 1.87
- Median
- 1.76
- 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 | BRO | MFC |
|---|---|---|
| P/E Ratio (TTM) | 22.82 | 17.23 |
| P/S Ratio (TTM) | 3.51 | 2.11 |
| P/B Ratio (MRQ) | 1.87 | 2.13 |
| Free Cash Flow Yield (TTM) | -- | -- |