LNC vs. MFC: Lincoln National vs. Manulife Financial Stock Comparison

Performance

Cumulative Growth

Trailing Returns

Performance at a Glance

Risk

Drawdown

Risk at a Glance

Company Profile

Lincoln National (LNC) 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.

Valuation

Lincoln National (LNC) at 4.08 sits in the cheaper P/E ratio quartile, while Manulife Financial (MFC) at 16.19 is closer to its industry’s usual earnings multiple — a discount for LNC, though growth and earnings durability still matter.

Lincoln National (LNC) at 0.38 sits in the cheaper P/S ratio quartile while Manulife Financial (MFC) at 2.10 prices around its industry’s middle — LNC costs less per dollar of sales, though read it alongside growth and margins.

Lincoln National (LNC) at 0.77 sits in the lower P/B ratio quartile against book while Manulife Financial (MFC) at 1.92 is valued near its industry’s middle — LNC is cheaper on assets, though weigh it against ROE and asset quality.

Valuation at a Glance

Profitability

Both Lincoln National (LNC) at 18.77% and Manulife Financial (MFC) at 12.56% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

Manulife Financial (MFC) at 20.04% retains a top-quartile share of revenue as profit, ahead of Lincoln National (LNC) at 9.17%, which keeps about the industry-typical share.

Neither side reports a meaningful operating margin: for Lincoln National (LNC) 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 at a Glance

Growth

Revenue Growth

Revenue Growth at a Glance

EPS Growth

EPS Growth at a Glance

Financial Strength

current ratio doesn’t apply on either side: Lincoln National (LNC) 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-to-equity ratio is set aside for both: Lincoln National (LNC) 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 at a Glance

Dividends

Both Lincoln National (LNC) at 4.83% and Manulife Financial (MFC) at 3.33% offer top-quartile dividend income relative to share price within their industries.

Lincoln National (LNC) at 19.69% pays out a band-typical share of earnings, while Manulife Financial (MFC) at 52.02% distributes more than its industry norm — less retained, thinner cover.

Dividends at a Glance