MFC vs. RNR: Manulife Financial vs. RenaissanceRe Stock Comparison
How do Manulife Financial (MFC) and RenaissanceRe (RNR) 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 RenaissanceRe (RNR) both belong to the Insurance industry, though MFC is classified under Life & Health Insurance while RNR falls under Reinsurance.
| Profile Item | MFC | RNR |
|---|---|---|
| Name | Manulife Financial Corporation | RenaissanceRe Holdings Ltd. |
| Country/Region | Canada | Bermuda |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Life & Health Insurance | Reinsurance |
| Market Capitalization | 71.43 billion USD | 14.04 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | September 24, 1999 | July 27, 1995 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | MFC | RNR |
|---|---|---|
| Total Return (1Y) | 36.28% | 29.60% |
| Total Return (3Y, Annualized) | 38.35% | 19.53% |
| Total Return (5Y, Annualized) | 22.50% | 18.22% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | MFC | RNR |
|---|---|---|
| Volatility (1Y, Annualized) | 20.87% | 23.23% |
| Beta (5Y) | 0.85 | 0.12 |
| Max Drawdown (5Y) | -26.99% | -27.71% |
| Avg. Volume (3M) | 1.92M | 361.04K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | MFC | RNR |
|---|---|---|
| Sharpe Ratio (1Y) | 1.53 | 1.09 |
| Sortino Ratio (1Y) | 2.19 | 1.64 |
Profitability
ROE (TTM)
Both Manulife Financial (MFC) at 12.24% and RenaissanceRe (RNR) at 13.98% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
MFC
Insurance industry group
12.24%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- MFC
- 12.24%
- Q1
- 8.79%
- Min
- -10.66%
RNR
Insurance industry group
13.98%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- RNR
- 13.98%
- 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 RenaissanceRe (RNR) at 16.20%, which keeps about the industry-typical share.
MFC
Insurance industry group
18.97%
- Max
- 29.92%
- MFC
- 18.97%
- Q3
- 17.03%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
RNR
Insurance industry group
16.20%
- Max
- 29.92%
- Q3
- 17.03%
- RNR
- 16.20%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Manulife Financial (MFC) in Insurance and RenaissanceRe (RNR) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | MFC | RNR |
|---|---|---|
| ROE (TTM) | 12.24% | 13.98% |
| ROA (TTM) | 0.59% | 3.49% |
| Net Margin (TTM) | 18.97% | 16.20% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Only one side can be read here: RenaissanceRe (RNR) reports revenue growth of 9.69%, ranked against its industry; Manulife Financial (MFC) has no revenue growth figure this period.
EPS Growth
Both Manulife Financial (MFC) at 8.10% and RenaissanceRe (RNR) at 59.13% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | MFC | RNR |
|---|---|---|
| Revenue Growth (YoY) | -- | 9.69% |
| Revenue Growth (3Y CAGR) | 29.95% | 36.27% |
| EPS Growth (YoY) | 8.10% | 59.13% |
| EPS Growth (3Y CAGR) | -5.86% | -- |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Manulife Financial (MFC) in Insurance and RenaissanceRe (RNR) 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 RenaissanceRe (RNR) 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 | RNR |
|---|---|---|
| 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 RenaissanceRe (RNR) at 0.46% pays a more typical yield — both are credible income propositions, MFC the richer one.
MFC
Insurance industry group
4.32%
- Max
- 5.12%
- MFC
- 4.32%
- Q3
- 2.15%
- Median
- 0.98%
- Q1
- 0.00%
- Min
- 0.00%
RNR
Insurance industry group
0.46%
- Max
- 5.12%
- Q3
- 2.15%
- Median
- 0.98%
- RNR
- 0.46%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
RenaissanceRe (RNR) at 4.66% 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.
MFC
Insurance industry group
54.30%
- Max
- 76.67%
- MFC
- 54.30%
- Q3
- 35.18%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
RNR
Insurance industry group
4.66%
- Max
- 76.67%
- Q3
- 35.18%
- Median
- 14.74%
- RNR
- 4.66%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | MFC | RNR |
|---|---|---|
| Dividend Yield (TTM) | 4.32% | 0.46% |
| Dividend Payout Ratio (TTM) | 54.30% | 4.66% |
Valuation
P/E Ratio (TTM)
Both Manulife Financial (MFC) at 17.23 and RenaissanceRe (RNR) at 9.94 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
MFC
Insurance industry group
17.23
- Max
- 28.37
- Q3
- 18.75
- MFC
- 17.23
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
RNR
Insurance industry group
9.94
- Max
- 28.37
- Q3
- 18.75
- Median
- 12.23
- RNR
- 9.94
- Q1
- 9.08
- Min
- 2.32
P/S Ratio (TTM)
On P/S ratio, both Manulife Financial (MFC) at 2.11 and RenaissanceRe (RNR) at 1.45 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
MFC
Insurance industry group
2.11
- Max
- 4.03
- Q3
- 2.25
- MFC
- 2.11
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
RNR
Insurance industry group
1.45
- Max
- 4.03
- Q3
- 2.25
- RNR
- 1.45
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
P/B Ratio (MRQ)
On P/B ratio, both Manulife Financial (MFC) at 2.13 and RenaissanceRe (RNR) at 1.34 are valued close to their industries’ norm against book — neither stands out from peers.
MFC
Insurance industry group
2.13
- Max
- 5.07
- Q3
- 2.79
- MFC
- 2.13
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
RNR
Insurance industry group
1.34
- Max
- 5.07
- Q3
- 2.79
- Median
- 1.76
- RNR
- 1.34
- Q1
- 1.23
- Min
- 0.30
Valuation Metrics
| Metric | MFC | RNR |
|---|---|---|
| P/E Ratio (TTM) | 17.23 | 9.94 |
| P/S Ratio (TTM) | 2.11 | 1.45 |
| P/B Ratio (MRQ) | 2.13 | 1.34 |
| Free Cash Flow Yield (TTM) | -- | -- |