Manulife Financial vs Sun Life stock: side by side (October 2026)
How do Manulife Financial and Sun Life compare?
| Manulife Financial MFC.TO | Sun Life SLF.TO | |
|---|---|---|
| Dividend yield | 3.1%Today (Oct 27, 2026) | 3.5%Today (Oct 15, 2026) |
| P/E, last 12 months | 17.1xToday (Oct 27, 2026) | 18.8xToday (Oct 15, 2026) |
| P/E, next 12 months | 14.1xToday (Oct 27, 2026) | 13.9xToday (Oct 15, 2026) |
| Weighted price forecast, about 1 year | 65.85 (+7 %)October 2027 | 109.28 (+2%)October 2027 |
| Weighted price forecast, about 3 years | 85.64 (+46 %)October 2029 | 118.43 (+17%)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Dividend yield | Sun Life | The higher figure |
| P/E, last 12 months | Manulife Financial | The lower figure |
| P/E, next 12 months | Sun Life | The lower figure |
| Weighted price forecast, about 1 year | Manulife Financial | The higher weighted return |
| Weighted price forecast, about 3 years | Manulife Financial | The higher weighted return |
What does each company do?
Manulife Financial sells life, health and retirement protection to households and employers.
Manulife Financial (MFC.TO), from our memo of October 27, 2026 · Manulife Financial stock forecast
Sun Life sells life and health protection, workplace benefits and retirement plans, savings products, and investment management to individuals, employers, governments and institutions.
Sun Life (SLF.TO), from our memo of October 15, 2026 · Sun Life stock forecast
How big are Manulife Financial and Sun Life?
The market valued Manulife Financial at C$104,625.98 million on October 27, 2026 and Sun Life at C$61,928.93 million on October 15, 2026.
How fast are Manulife Financial and Sun Life growing, and what did their latest results show?
Core earnings and core EPS both exceeded the year-earlier quarter. Reported net income also improved, helped by positive excluded items. The eight-quarter pattern matters more than the latest point: core earnings recovered after a first-quarter 2026 decline, while reported income remained distorted by the earlier bond-sale loss.
Manulife Financial (MFC.TO), from our memo of October 27, 2026 · Manulife Financial earnings
Canada, Asia and the United States all contributed to underlying improvement. Public-equity effects, real-estate experience and the previous year’s dental impairment additionally lifted reported comparisons. The last eight quarters show much wider swings in reported income than in underlying income, so the latest result is not automatically a sustainable quarterly run rate.
Sun Life (SLF.TO), from our memo of October 15, 2026 · Sun Life earnings
How much cash do Manulife Financial and Sun Life generate, and where does it go?
The dividend yield stood at 3.1% on October 27, 2026 for Manulife Financial and 3.5% on October 15, 2026 for Sun Life.
What does an investor pay for Manulife Financial and Sun Life today?
The shares of Manulife Financial were priced at 17.1x the last 12 months’ earnings and 14.1x the next 12 months’ on October 27, 2026; those of Sun Life at 18.8x the last 12 months’ earnings and 13.9x the next 12 months’ on October 15, 2026.
At C$111.21, Sun Life costs 14.4 times its underlying annual earnings, so the investment depends on how much of those earnings can grow and reach shareholders.
Sun Life (SLF.TO), from our memo of October 15, 2026 · Sun Life stock forecast