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Manulife Financial (MFC) vs. Marsh & McLennan Companies (MRSH)

This page compares Manulife Financial (MFC) with Marsh & McLennan Companies (MRSH) using performance and risk, profitability, financial strength, growth, dividends, and valuation metrics.

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.

SymbolMFCMRSH
NameManulife Financial CorporationMarsh & McLennan Companies, Inc.
Country/RegionCanadaUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupInsuranceInsurance
GICS IndustryInsuranceInsurance
GICS Sub-IndustryLife & Health InsuranceInsurance Brokers
Market Capitalization64.60 billion USD77.69 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateSeptember 24, 1999February 21, 1973
Security TypeCommon StockCommon Stock

Valuation

Price-to-Earnings Ratio (TTM)

Manulife Financial (MFC) at 15.48 carries typical industry Price-to-Earnings Ratio (TTM), while Marsh & McLennan Companies (MRSH) at 20.16 sits in the higher-multiple quartile — MRSH carries a higher trailing earnings multiple relative to peers.

MFC

Insurance industry group

15.48

Max
23.34
Q3
16.14
Median
11.54
Q1
8.46
Min
3.25

MRSH

Insurance industry group

20.16

Max
23.34
Q3
16.14
Median
11.54
Q1
8.46
Min
3.25
Manulife Financial (MFC) vs. Marsh & McLennan Companies (MRSH): 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 Marsh & McLennan Companies (MRSH) at 2.82 sits in the pricier quartile — MRSH costs more per dollar of sales.

MFC

Insurance industry group

2.02

Max
3.94
Q3
2.05
Median
1.16
Q1
0.76
Min
0.13

MRSH

Insurance industry group

2.82

Max
3.94
Q3
2.05
Median
1.16
Q1
0.76
Min
0.13
Manulife Financial (MFC) vs. Marsh & McLennan Companies (MRSH): A comparison of their Price-to-Sales Ratio (TTM) against the Insurance industry group benchmark.

Price-to-Book Ratio (MRQ)

Manulife Financial (MFC) at 1.84 sits near its industry’s typical Price-to-Book Ratio (MRQ), while Marsh & McLennan Companies (MRSH) at 5.34 prices above its benchmark range — MRSH looks rich relative to book.

MFC

Insurance industry group

1.84

Max
3.56
Q3
2.24
Median
1.59
Q1
1.07
Min
0.03

MRSH

Insurance industry group

5.34

Max
3.56
Q3
2.24
Median
1.59
Q1
1.07
Min
0.03
Manulife Financial (MFC) vs. Marsh & McLennan Companies (MRSH): A comparison of their Price-to-Book Ratio (MRQ) against the Insurance industry group benchmark.

Valuation at a Glance

SymbolMFCMRSH
Price-to-Earnings Ratio (TTM)15.4820.16
Price-to-Sales Ratio (TTM)2.022.82
Price-to-Book Ratio (MRQ)1.845.34
Free Cash Flow Yield8.44%6.39%

Profitability

Return on Equity (TTM)

Marsh & McLennan Companies (MRSH) at 27.57% ranks in the top quartile for Return on Equity (TTM), ahead of Manulife Financial (MFC) at 12.56%, which sits closer to the industry mid-range.

MFC

Insurance industry group

12.56%

Max
38.88%
Q3
22.58%
Median
14.60%
Q1
9.87%
Min
-6.23%

MRSH

Insurance industry group

27.57%

Max
38.88%
Q3
22.58%
Median
14.60%
Q1
9.87%
Min
-6.23%
Manulife Financial (MFC) vs. Marsh & McLennan Companies (MRSH): A comparison of their Return on Equity (TTM) against the Insurance industry group benchmark.

Net Profit 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%
Q3
19.38%
Median
11.36%
Q1
5.57%
Min
-2.80%

MRSH

Insurance industry group

14.26%

Max
38.86%
Q3
19.38%
Median
11.36%
Q1
5.57%
Min
-2.80%
Manulife Financial (MFC) vs. Marsh & McLennan Companies (MRSH): 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 Manulife Financial (MFC) in Insurance or Marsh & McLennan Companies (MRSH) in Insurance under our convention.

MFC

Insurance industry group

19.05%

Max
47.18%
Q3
23.07%
Median
15.52%
Q1
6.90%
Min
-16.30%

MRSH

Insurance industry group

24.34%

Max
47.18%
Q3
23.07%
Median
15.52%
Q1
6.90%
Min
-16.30%
Manulife Financial (MFC) vs. Marsh & McLennan Companies (MRSH): A comparison of their Operating Profit Margin (TTM) against the Insurance industry group benchmark.

Profitability at a Glance

SymbolMFCMRSH
Return on Equity (TTM)12.56%27.57%
Return on Assets (TTM)0.59%7.27%
Net Profit Margin (TTM)20.04%14.26%
Operating Profit Margin (TTM)19.05%24.34%
Gross Profit Margin (TTM)50.32%43.85%

Growth

Revenue Growth

Manulife Financial (MFC) vs. Marsh & McLennan Companies (MRSH): A comparison of their Revenue Growth across different time periods.

Revenue Growth at a Glance

SymbolMFCMRSH
1-Year Revenue Growth--10.32%
3-Year Revenue CAGR29.95%9.20%

EPS Growth

Manulife Financial (MFC) vs. Marsh & McLennan Companies (MRSH): A comparison of their EPS Growth across different time periods.

EPS Growth at a Glance

SymbolMFCMRSH
1-Year EPS Growth8.10%3.06%
3-Year EPS CAGR-5.86%11.75%

Financial Strength

Current Ratio (MRQ)

Current Ratio (MRQ) isn’t a meaningful figure for either Manulife Financial (MFC) in Insurance or Marsh & McLennan Companies (MRSH) in Insurance under our convention.

MFC

Insurance industry group

30.14

Max
3.60
Q3
1.88
Median
1.13
Q1
0.67
Min
0.12

MRSH

Insurance industry group

1.11

Max
3.60
Q3
1.88
Median
1.13
Q1
0.67
Min
0.12
Manulife Financial (MFC) vs. Marsh & McLennan Companies (MRSH): 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 Manulife Financial (MFC) in Insurance or Marsh & McLennan Companies (MRSH) in Insurance under our convention.

MFC

Insurance industry group

0.44

Max
0.86
Q3
0.48
Median
0.31
Q1
0.15
Min
0.00

MRSH

Insurance industry group

1.52

Max
0.86
Q3
0.48
Median
0.31
Q1
0.15
Min
0.00
Manulife Financial (MFC) vs. Marsh & McLennan Companies (MRSH): A comparison of their Debt-to-Equity Ratio (MRQ) against the Insurance industry group benchmark.

Financial Strength at a Glance

SymbolMFCMRSH
Current Ratio (MRQ)30.141.11
Debt-to-Equity Ratio (MRQ)0.441.52
Net Debt / EBITDA-0.672.73

Dividends

Dividend Yield (TTM)

Manulife Financial (MFC) at 3.47% reports Dividend Yield (TTM) in the top quartile of industry peers, ahead of Marsh & McLennan Companies (MRSH) at 2.23%, which sits around the industry mid-range.

MFC

Insurance industry group

3.47%

Max
5.63%
Q3
2.79%
Median
1.51%
Q1
0.00%
Min
0.00%

MRSH

Insurance industry group

2.23%

Max
5.63%
Q3
2.79%
Median
1.51%
Q1
0.00%
Min
0.00%
Manulife Financial (MFC) vs. Marsh & McLennan Companies (MRSH): A comparison of their Dividend Yield (TTM) against the Insurance industry group benchmark.

Dividend Payout Ratio (TTM)

Both Manulife Financial (MFC) at 52.02% and Marsh & McLennan Companies (MRSH) at 43.94% post Dividend Payout Ratio (TTM) outside their industries’ typical mid-range — either leaning toward more retention or more distribution than the industry median.

MFC

Insurance industry group

52.02%

Max
86.52%
Q3
36.67%
Median
15.38%
Q1
0.00%
Min
0.00%

MRSH

Insurance industry group

43.94%

Max
86.52%
Q3
36.67%
Median
15.38%
Q1
0.00%
Min
0.00%
Manulife Financial (MFC) vs. Marsh & McLennan Companies (MRSH): A comparison of their Dividend Payout Ratio (TTM) against the Insurance industry group benchmark.

Dividends at a Glance

SymbolMFCMRSH
Dividend Yield (TTM)3.47%2.23%
Dividend Payout Ratio (TTM)52.02%43.94%

Performance & Risk

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

Performance & Risk at a Glance

SymbolMFCMRSH
1-Year Return23.12%-29.26%
1-Year Volatility20.83%23.52%
Beta0.840.62
3-Month Avg. Volume2.22M3.02M