MFC vs. TRV: Manulife Financial vs. Travelers Stock Comparison

July 2, 2026

How do Manulife Financial (MFC) and Travelers (TRV) 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 Travelers (TRV) both belong to the Insurance industry, though MFC is classified under Life & Health Insurance while TRV falls under Property & Casualty Insurance.

Company profile comparison for Manulife Financial (MFC) and Travelers (TRV)
Profile Item	MFC	TRV
Name	Manulife Financial Corporation	The Travelers 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	Property & Casualty Insurance
Market Capitalization	67.48 billion USD	70.20 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 24, 1999	November 17, 1975
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MFC

TRV

Manulife Financial (MFC) vs. Travelers (TRV): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Manulife Financial (MFC) and Travelers (TRV). Returns over one year are annualized.

Performance Metrics

Price performance metrics for Manulife Financial (MFC) and Travelers (TRV)
Metric	MFC	TRV
Total Return (1Y)	29.21%	25.35%

Risk Profile

Drawdown History

MFC

TRV

Manulife Financial (MFC) vs. Travelers (TRV): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk Metrics

Risk profile metrics for Manulife Financial (MFC) and Travelers (TRV)
Metric	MFC	TRV
Volatility (1Y, Annualized)	20.56%	18.78%
Beta (5Y)	0.84	0.46
Avg. Volume (3M)	2.17M	1.64M

Risk-Adjusted Performance

Risk-Return Positioning

MFC and TRV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Profitability

ROE (TTM)

Travelers (TRV) at 25.27% sits in the top ROE quartile, while Manulife Financial (MFC) at 12.56% is closer to the peer norm — stronger capital efficiency for TRV.

MFC

Insurance industry group

12.56%

Max: 38.88%
Q3: 22.53%
Median: 14.77%
MFC: 12.56%
Q1: 9.91%
Min: -6.23%

TRV

Insurance industry group

25.27%

Max: 38.88%
TRV: 25.27%
Q3: 22.53%
Median: 14.77%
Q1: 9.91%
Min: -6.23%

Manulife Financial (MFC) vs. Travelers (TRV): A comparison of their ROE against the Insurance industry group benchmark.

Net Margin (TTM)

Manulife Financial (MFC) at 20.04% retains a top-quartile share of revenue as profit, ahead of Travelers (TRV) at 15.54%, 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%

TRV

Insurance industry group

15.54%

Max: 38.86%
Q3: 19.36%
TRV: 15.54%
Median: 11.07%
Q1: 5.09%
Min: -2.80%

Manulife Financial (MFC) vs. Travelers (TRV): A comparison of their net margin against the Insurance industry group benchmark.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for Manulife Financial (MFC) in Insurance and Travelers (TRV) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Profitability metrics for Manulife Financial (MFC) and Travelers (TRV)
Metric	MFC	TRV
ROE (TTM)	12.56%	25.27%
ROA (TTM)	0.59%	4.44%
Net Margin (TTM)	20.04%	15.54%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Manulife Financial (MFC) vs. Travelers (TRV): A comparison of their Revenue Growth across different time periods.

Revenue Growth Metrics

Revenue growth metrics for Manulife Financial (MFC) and Travelers (TRV)
Metric	MFC	TRV
Revenue Growth (YoY)	--	5.17%
Revenue Growth (3Y CAGR)	29.95%	9.79%

EPS Growth

Manulife Financial (MFC) vs. Travelers (TRV): A comparison of their EPS Growth across different time periods.

EPS Growth Metrics

EPS growth metrics for Manulife Financial (MFC) and Travelers (TRV)
Metric	MFC	TRV
EPS Growth (YoY)	8.10%	27.76%
EPS Growth (3Y CAGR)	-5.86%	32.58%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Manulife Financial (MFC) in Insurance and Travelers (TRV) 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 Travelers (TRV) 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

Financial strength metrics for Manulife Financial (MFC) and Travelers (TRV)
Metric	MFC	TRV
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 Travelers (TRV) at 1.33% 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%

TRV

Insurance industry group

1.33%

Max: 5.58%
Q3: 2.46%
TRV: 1.33%
Median: 1.18%
Q1: 0.00%
Min: 0.00%

Manulife Financial (MFC) vs. Travelers (TRV): A comparison of their dividend yield against the Insurance industry group benchmark.

Dividend Payout Ratio (TTM)

Travelers (TRV) at 13.13% 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.

MFC

Insurance industry group

52.02%

Max: 86.52%
MFC: 52.02%
Q3: 35.43%
Median: 14.92%
Q1: 0.00%
Min: 0.00%

TRV

Insurance industry group

13.13%

Max: 86.52%
Q3: 35.43%
Median: 14.92%
TRV: 13.13%
Q1: 0.00%
Min: 0.00%

Manulife Financial (MFC) vs. Travelers (TRV): A comparison of their payout ratio against the Insurance industry group benchmark.

Dividend Metrics

Dividend metrics for Manulife Financial (MFC) and Travelers (TRV)
Metric	MFC	TRV
Dividend Yield (TTM)	4.44%	1.33%
Dividend Payout Ratio (TTM)	52.02%	13.13%

Valuation

P/E Ratio (TTM)

Both Manulife Financial (MFC) at 16.60 and Travelers (TRV) at 9.85 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

16.60

Max: 28.97
Q3: 17.55
MFC: 16.60
Median: 13.05
Q1: 8.85
Min: 3.65

TRV

Insurance industry group

9.85

Max: 28.97
Q3: 17.55
Median: 13.05
TRV: 9.85
Q1: 8.85
Min: 3.65

Manulife Financial (MFC) vs. Travelers (TRV): A comparison of their P/E ratio against the Insurance industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Manulife Financial (MFC) at 2.11 and Travelers (TRV) at 1.43 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

MFC

Insurance industry group

2.11

Max: 4.36
Q3: 2.32
MFC: 2.11
Median: 1.25
Q1: 0.86
Min: 0.09

TRV

Insurance industry group

1.43

Max: 4.36
Q3: 2.32
TRV: 1.43
Median: 1.25
Q1: 0.86
Min: 0.09

Manulife Financial (MFC) vs. Travelers (TRV): A comparison of their P/S ratio against the Insurance industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Manulife Financial (MFC) at 1.96 and Travelers (TRV) at 2.19 are valued close to their industries’ norm against book — neither stands out from peers.

MFC

Insurance industry group

1.96

Max: 3.98
Q3: 2.56
MFC: 1.96
Median: 1.75
Q1: 1.21
Min: -0.15

TRV

Insurance industry group

2.19

Max: 3.98
Q3: 2.56
TRV: 2.19
Median: 1.75
Q1: 1.21
Min: -0.15

Manulife Financial (MFC) vs. Travelers (TRV): A comparison of their P/B ratio against the Insurance industry group benchmark.

Valuation Metrics

Valuation metrics for Manulife Financial (MFC) and Travelers (TRV)
Metric	MFC	TRV
P/E Ratio (TTM)	16.60	9.85
P/S Ratio (TTM)	2.11	1.43
P/B Ratio (MRQ)	1.96	2.19
Free Cash Flow Yield (TTM)	--	--