CNA vs. MFC: CNA Financial vs. Manulife Financial Stock Comparison
How do CNA Financial (CNA) 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
CNA Financial (CNA) and Manulife Financial (MFC) both belong to the Insurance industry, though CNA is classified under Property & Casualty Insurance while MFC falls under Life & Health Insurance.
| Profile Item | CNA | MFC |
|---|---|---|
| Name | CNA Financial Corporation Common Stock | Manulife Financial Corporation |
| Country/Region | United States | Canada |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Property & Casualty Insurance | Life & Health Insurance |
| Market Capitalization | 12.81 billion USD | 71.43 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | February 21, 1973 | September 24, 1999 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CNA | MFC |
|---|---|---|
| Total Return (1Y) | 13.42% | 36.28% |
| Total Return (3Y, Annualized) | 15.22% | 38.35% |
| Total Return (5Y, Annualized) | 9.00% | 22.50% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CNA | MFC |
|---|---|---|
| Volatility (1Y, Annualized) | 20.85% | 20.87% |
| Beta (5Y) | 0.22 | 0.85 |
| Max Drawdown (5Y) | -25.67% | -26.99% |
| Avg. Volume (3M) | 454.06K | 1.92M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CNA | MFC |
|---|---|---|
| Sharpe Ratio (1Y) | 0.44 | 1.53 |
| Sortino Ratio (1Y) | 0.62 | 2.19 |
Profitability
ROE (TTM)
Both CNA Financial (CNA) at 9.56% 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.
CNA
Insurance industry group
9.56%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- CNA
- 9.56%
- 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 CNA Financial (CNA) at 6.80%, which keeps about the industry-typical share.
CNA
Insurance industry group
6.80%
- Max
- 29.92%
- Q3
- 17.03%
- Median
- 10.97%
- CNA
- 6.80%
- 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 CNA Financial (CNA) 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 | CNA | MFC |
|---|---|---|
| ROE (TTM) | 9.56% | 12.24% |
| ROA (TTM) | 1.29% | 0.59% |
| Net Margin (TTM) | 6.80% | 18.97% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Only one side can be read here: CNA Financial (CNA) reports revenue growth of 5.10%, ranked against its industry; Manulife Financial (MFC) has no revenue growth figure this period.
EPS Growth
Both CNA Financial (CNA) at 33.24% 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 | CNA | MFC |
|---|---|---|
| Revenue Growth (YoY) | 5.10% | -- |
| Revenue Growth (3Y CAGR) | 7.36% | 29.95% |
| EPS Growth (YoY) | 33.24% | 8.10% |
| EPS Growth (3Y CAGR) | 12.66% | -5.86% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: CNA Financial (CNA) 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: CNA Financial (CNA) 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 | CNA | MFC |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both CNA Financial (CNA) at 3.95% and Manulife Financial (MFC) at 4.32% offer top-quartile dividend income relative to share price within their industries.
CNA
Insurance industry group
3.95%
- Max
- 5.12%
- CNA
- 3.95%
- 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 CNA Financial (CNA) at 50.26% and Manulife Financial (MFC) at 54.30% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.
CNA
Insurance industry group
50.26%
- Max
- 76.67%
- CNA
- 50.26%
- 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 | CNA | MFC |
|---|---|---|
| Dividend Yield (TTM) | 3.95% | 4.32% |
| Dividend Payout Ratio (TTM) | 50.26% | 54.30% |
Valuation
P/E Ratio (TTM)
Both CNA Financial (CNA) at 12.52 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.
CNA
Insurance industry group
12.52
- Max
- 28.37
- Q3
- 18.75
- CNA
- 12.52
- 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)
CNA Financial (CNA) at 0.84 sits in the cheaper P/S ratio quartile while Manulife Financial (MFC) at 2.11 prices around its industry’s middle — CNA costs less per dollar of sales, though read it alongside growth and margins.
CNA
Insurance industry group
0.84
- Max
- 4.03
- Q3
- 2.25
- Median
- 1.23
- Q1
- 0.85
- CNA
- 0.84
- 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 CNA Financial (CNA) at 1.25 and Manulife Financial (MFC) at 2.13 are valued close to their industries’ norm against book — neither stands out from peers.
CNA
Insurance industry group
1.25
- Max
- 5.07
- Q3
- 2.79
- Median
- 1.76
- CNA
- 1.25
- 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 | CNA | MFC |
|---|---|---|
| P/E Ratio (TTM) | 12.52 | 17.23 |
| P/S Ratio (TTM) | 0.84 | 2.11 |
| P/B Ratio (MRQ) | 1.25 | 2.13 |
| Free Cash Flow Yield (TTM) | -- | -- |