Sifting through countless of stocks in the Insurance industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Manulife Financial Corporation or Sun Life Financial Inc. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Manulife Financial Corporation and Sun Life Financial Inc. compare based on key financial metrics to determine which better meets your investment needs.

About Manulife Financial Corporation and Sun Life Financial Inc.

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. It operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks. The Insurance and Annuity Products segment provides deposit and credit products; and individual life insurance, individual and group long-term care insurance, and guaranteed and partially guaranteed annuity products through multiple distribution channels, including insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in the property and casualty reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. The company also manages timberland and agricultural portfolios; and engages in the insurance agency, broker dealer, investment counseling, portfolio and mutual fund management, property and casualty insurance, and fund and investment management businesses. In addition, it provides integrated banking products and services, as well as offers asset management services. The company was incorporated in 1887 and is headquartered in Toronto, Canada.

Sun Life Financial Inc., a financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability. The company also provides investments products, such as mutual funds, segregated funds, annuities, and guaranteed investment products; financial planning services; and asset management products, including pooled funds, institutional portfolios and pension funds. The company was formerly known as Sun Life Financial Services of Canada Inc. and changed its name to Sun Life Financial Inc. in July 2003. Sun Life Financial Inc. was founded in 1871 and is headquartered in Toronto, Canada.

Latest Insurance and Manulife Financial Corporation, Sun Life Financial Inc. Stock News

As of June 2, 2026, Manulife Financial Corporation had a $64.2 billion market capitalization, compared to the Insurance median of $5.2 million. Manulife Financial Corporation’s stock is up 5% in 2026, down 1.6% in the previous five trading days and up 20.73% in the past year.

Currently, Manulife Financial Corporation’s price-earnings ratio is 15.4. Manulife Financial Corporation’s trailing 12-month revenue is $22.9 billion with a 20.0% net profit margin. Year-over-year quarterly sales growth most recently was 15.5%. Analysts expect adjusted earnings to reach $3.228 per share for the current fiscal year. Manulife Financial Corporation currently has a 5.0% dividend yield.

As of June 2, 2026, Sun Life Financial Inc. had a $40.3 billion market cap, putting it in the 92nd percentile of all stocks. Sun Life Financial Inc.’s stock is up 16.1% in 2026, down 0.2% in the previous five trading days and up 12.51% in the past year.

Currently, Sun Life Financial Inc.’s price-earnings ratio is 18.9. Sun Life Financial Inc.’s trailing 12-month revenue is $25.0 billion with a 8.8% net profit margin. Year-over-year quarterly sales growth most recently was 3.2%. Analysts expect adjusted earnings to reach $5.665 per share for the current fiscal year. Sun Life Financial Inc. currently has a 5.1% dividend yield.

How We Compare Manulife Financial Corporation and Sun Life Financial Inc. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Manulife Financial Corporation and Sun Life Financial Inc.’s stock grades to see how they measure up against one another.

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Manulife Financial Corporation and Sun Life Financial Inc. Growth Grades

Company	Ticker	Growth
Manulife Financial Corporation	MFC	D
Sun Life Financial Inc.	SLF	F

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

Manulife Financial Corporation has a Growth Score of 36, which is Weak. Sun Life Financial Inc. has a Growth Score of 8, which is Very Weak.

The Growth Stock Winner: No Clear Winner

Neither Manulife Financial Corporation or Sun Life Financial Inc. has a high enough Growth Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Manulife Financial Corporation or Sun Life Financial Inc. is the better investment when it comes to sustainable growth.

Manulife Financial Corporation and Sun Life Financial Inc.’s Quality Grades

Company	Ticker	Quality
Manulife Financial Corporation	MFC	D
Sun Life Financial Inc.	SLF	D

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Manulife Financial Corporation has a Quality Score of 29, which is Weak. Sun Life Financial Inc. has a Quality Score of 29, which is Weak.

The Quality Stock Winner: No Clear Winner

Neither Manulife Financial Corporation or Sun Life Financial Inc. has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Manulife Financial Corporation or Sun Life Financial Inc. is the better investment when it comes to quality.

Manulife Financial Corporation and Sun Life Financial Inc.’s Momentum Grades

Company	Ticker	Momentum
Manulife Financial Corporation	MFC	C
Sun Life Financial Inc.	SLF	C

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Manulife Financial Corporation has a Momentum Score of 58, which is Average. Sun Life Financial Inc. has a Momentum Score of 55, which is Average.

The Momentum Stock Winner: No Clear Winner

Neither Manulife Financial Corporation or Sun Life Financial Inc. has a strong enough Momentum Grade to be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Manulife Financial Corporation or Sun Life Financial Inc. is the better investment when it comes to momentum.

Other Manulife Financial Corporation and Sun Life Financial Inc. Grades

In addition to Quality, Momentum and Growth, A+ Investor also provides grades for Value and Estimate Revisions.

Earnings estimate revisions scores take into account the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Manulife Financial Corporation and Sun Life Financial Inc. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Manulife Financial Corporation or Sun Life Financial Inc. Stock?

Overall, Manulife Financial Corporation stock has a Growth Score of 36, Momentum Score of 58 and Quality Score of 29.

Sun Life Financial Inc. stock has a Growth Score of 8, Momentum Score of 55 and Quality Score of 29.

Comparing Manulife Financial Corporation and Sun Life Financial Inc.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.