MFC vs. MRSH: Manulife Financial vs. Marsh & McLennan Companies Stock Comparison
How do Manulife Financial (MFC) and Marsh & McLennan Companies (MRSH) 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
Manulife Financial (MFC) and Marsh & McLennan Companies (MRSH) both belong to the Insurance industry, though MFC is classified under Life & Health Insurance while MRSH falls under Insurance Brokers.
| Profile Item | MFC | MRSH |
|---|---|---|
| Name | Manulife Financial Corporation | Marsh & McLennan Companies, Inc. |
| Country/Region | Canada | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Life & Health Insurance | Insurance Brokers |
| Market Capitalization | 67.48 billion USD | 80.30 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | September 24, 1999 | February 21, 1973 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Performance Metrics
| Metric | MFC | MRSH |
|---|---|---|
| Total Return (1Y) | 29.21% | -22.31% |
Risk Profile
Drawdown History
Risk Metrics
| Metric | MFC | MRSH |
|---|---|---|
| Volatility (1Y, Annualized) | 20.56% | 24.17% |
| Beta (5Y) | 0.84 | 0.61 |
| Avg. Volume (3M) | 2.17M | 2.88M |
Risk-Adjusted Performance
Risk-Return Positioning
Profitability
ROE (TTM)
Marsh & McLennan Companies (MRSH) at 27.57% sits in the top ROE quartile, while Manulife Financial (MFC) at 12.56% is closer to the peer norm — stronger capital efficiency for MRSH.
MFC
Insurance industry group
12.56%
- Max
- 38.88%
- Q3
- 22.53%
- Median
- 14.77%
- MFC
- 12.56%
- Q1
- 9.91%
- Min
- -6.23%
MRSH
Insurance industry group
27.57%
- Max
- 38.88%
- MRSH
- 27.57%
- Q3
- 22.53%
- Median
- 14.77%
- Q1
- 9.91%
- Min
- -6.23%
Net Margin (TTM)
Manulife Financial (MFC) at 20.04% retains a top-quartile share of revenue as profit, ahead of Marsh & McLennan Companies (MRSH) at 14.26%, which keeps about the industry-typical share.
MFC
Insurance industry group
20.04%
- Max
- 38.86%
- MFC
- 20.04%
- Q3
- 19.36%
- Median
- 11.07%
- Q1
- 5.09%
- Min
- -2.80%
MRSH
Insurance industry group
14.26%
- Max
- 38.86%
- Q3
- 19.36%
- MRSH
- 14.26%
- Median
- 11.07%
- Q1
- 5.09%
- Min
- -2.80%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Manulife Financial (MFC) in Insurance and Marsh & McLennan Companies (MRSH) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | MFC | MRSH |
|---|---|---|
| ROE (TTM) | 12.56% | 27.57% |
| ROA (TTM) | 0.59% | 7.27% |
| Net Margin (TTM) | 20.04% | 14.26% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Revenue Growth Metrics
| Metric | MFC | MRSH |
|---|---|---|
| Revenue Growth (YoY) | -- | 10.32% |
| Revenue Growth (3Y CAGR) | 29.95% | 9.20% |
EPS Growth
EPS Growth Metrics
| Metric | MFC | MRSH |
|---|---|---|
| EPS Growth (YoY) | 8.10% | 3.06% |
| EPS Growth (3Y CAGR) | -5.86% | 11.75% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Manulife Financial (MFC) in Insurance and Marsh & McLennan Companies (MRSH) 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: Manulife Financial (MFC) in Insurance and Marsh & McLennan Companies (MRSH) 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 | MFC | MRSH |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Manulife Financial (MFC) at 4.44% delivers top-quartile income for its industry, while Marsh & McLennan Companies (MRSH) at 2.16% pays a more typical yield — both are credible income propositions, MFC the richer one.
MFC
Insurance industry group
4.44%
- Max
- 5.58%
- MFC
- 4.44%
- Q3
- 2.46%
- Median
- 1.18%
- Q1
- 0.00%
- Min
- 0.00%
MRSH
Insurance industry group
2.16%
- Max
- 5.58%
- Q3
- 2.46%
- MRSH
- 2.16%
- Median
- 1.18%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Manulife Financial (MFC) at 52.02% and Marsh & McLennan Companies (MRSH) at 43.94% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.
MFC
Insurance industry group
52.02%
- Max
- 86.52%
- MFC
- 52.02%
- Q3
- 35.43%
- Median
- 14.92%
- Q1
- 0.00%
- Min
- 0.00%
MRSH
Insurance industry group
43.94%
- Max
- 86.52%
- MRSH
- 43.94%
- Q3
- 35.43%
- Median
- 14.92%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | MFC | MRSH |
|---|---|---|
| Dividend Yield (TTM) | 4.44% | 2.16% |
| Dividend Payout Ratio (TTM) | 52.02% | 43.94% |
Valuation
P/E Ratio (TTM)
Manulife Financial (MFC) at 16.60 is near its industry’s usual P/E ratio, while Marsh & McLennan Companies (MRSH) at 20.83 sits in the richer quartile — MRSH needs stronger growth or earnings quality to justify the premium.
MFC
Insurance industry group
16.60
- Max
- 28.97
- Q3
- 17.55
- MFC
- 16.60
- Median
- 13.05
- Q1
- 8.85
- Min
- 3.65
MRSH
Insurance industry group
20.83
- Max
- 28.97
- MRSH
- 20.83
- Q3
- 17.55
- Median
- 13.05
- Q1
- 8.85
- Min
- 3.65
P/S Ratio (TTM)
Manulife Financial (MFC) at 2.11 is priced about in line with its industry on P/S ratio, while Marsh & McLennan Companies (MRSH) at 2.92 sits in the pricier quartile — MRSH costs more per dollar of sales.
MFC
Insurance industry group
2.11
- Max
- 4.36
- Q3
- 2.32
- MFC
- 2.11
- Median
- 1.25
- Q1
- 0.86
- Min
- 0.09
MRSH
Insurance industry group
2.92
- Max
- 4.36
- MRSH
- 2.92
- Q3
- 2.32
- Median
- 1.25
- Q1
- 0.86
- Min
- 0.09
P/B Ratio (MRQ)
Manulife Financial (MFC) at 1.96 sits near its industry’s typical P/B ratio, while Marsh & McLennan Companies (MRSH) at 5.52 prices above its benchmark range — MRSH looks rich relative to book.
MFC
Insurance industry group
1.96
- Max
- 3.98
- Q3
- 2.56
- MFC
- 1.96
- Median
- 1.75
- Q1
- 1.21
- Min
- -0.15
MRSH
Insurance industry group
5.52
- MRSH
- 5.52
- Max
- 3.98
- Q3
- 2.56
- Median
- 1.75
- Q1
- 1.21
- Min
- -0.15
Valuation Metrics
| Metric | MFC | MRSH |
|---|---|---|
| P/E Ratio (TTM) | 16.60 | 20.83 |
| P/S Ratio (TTM) | 2.11 | 2.92 |
| P/B Ratio (MRQ) | 1.96 | 5.52 |
| Free Cash Flow Yield (TTM) | -- | -- |