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 Aegon Ltd. or Manulife Financial Corporation 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 Aegon Ltd. and Manulife Financial Corporation compare based on key financial metrics to determine which better meets your investment needs.

About Aegon Ltd. and Manulife Financial Corporation

Aegon Ltd. provides insurance services in the Americas, the Netherlands, the United Kingdom, and internationally. It offers retirement plans, mutual funds, and unit-linked products; and annuities, life, and health insurance. The company provides its products under the Transamerica and World Financial Group brands. Aegon Ltd. was founded in 1844 and is based in Schiphol, the Netherlands.

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.

Latest Insurance and Aegon Ltd., Manulife Financial Corporation Stock News

As of September 2, 2026, Aegon Ltd. had a $13.4 billion market capitalization, compared to the Insurance median of $7.3 million. Aegon Ltd.’s stock is up 18.6% in 2026, down 0.1% in the previous five trading days and up 20.6% in the past year.

Currently, Aegon Ltd.’s price-earnings ratio is 12.7. Aegon Ltd.’s trailing 12-month revenue is $13.3 billion with a 8.6% net profit margin. Year-over-year quarterly sales growth most recently was -10.7%. There are no analysts providing consensus earnings estimates for the current fiscal year. Aegon Ltd. currently has a 5.3% dividend yield.

As of September 2, 2026, Manulife Financial Corporation had a $71.8 billion market cap, putting it in the 95th percentile of all stocks. Manulife Financial Corporation’s stock is up 22.6% in 2026, up 3.1% in the previous five trading days and up 42.03% in the past year.

Currently, Manulife Financial Corporation’s price-earnings ratio is 16.6. Manulife Financial Corporation’s trailing 12-month revenue is $23.3 billion with a 20.3% net profit margin. Year-over-year quarterly sales growth most recently was 6.3%. Analysts expect adjusted earnings to reach $3.255 per share for the current fiscal year. Manulife Financial Corporation currently has a 4.5% dividend yield.

How We Compare Aegon Ltd. and Manulife Financial Corporation 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 Aegon Ltd. and Manulife Financial Corporation’s stock grades to see how they measure up against one another.

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Aegon Ltd. and Manulife Financial Corporation Stock Value Grades

Company	Ticker	Value
Aegon Ltd.	AEG	A
Manulife Financial Corporation	MFC	A

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.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Aegon Ltd. has a Value Score of 87, which is Deep Value. Manulife Financial Corporation has a Value Score of 84, which is Deep Value.

The Value Stock Winner: It’s a Tie!

Looking at the Value Grade breakdown above, both Aegon Ltd. and Manulife Financial Corporation have a Value Grade of A. For investors who focus solely on a company’s valuation, you will need to conduct further research into both of these companies’ other metrics to see if they could be good additions to your portfolio. It’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Aegon Ltd. and Manulife Financial Corporation Growth Grades

Company	Ticker	Growth
Aegon Ltd.	AEG	F
Manulife Financial Corporation	MFC	D

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.

Aegon Ltd. has a Growth Score of 8, which is Very Weak. Manulife Financial Corporation has a Growth Score of 35, which is Weak.

The Growth Stock Winner: No Clear Winner

Neither Aegon Ltd. or Manulife Financial Corporation 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 Aegon Ltd. or Manulife Financial Corporation is the better investment when it comes to sustainable growth.

Aegon Ltd. and Manulife Financial Corporation’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Aegon Ltd.	AEG	na
Manulife Financial Corporation	MFC	C

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

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Aegon Ltd. does not have a meaningful Earnings Estimate Score. Manulife Financial Corporation has a Earnings Estimate Score of 43, which is Neutral.

The Earnings Estimate Revisions Stock Winner: No Clear Winner

Neither Aegon Ltd. or Manulife Financial Corporation has an Earnings Estimate Revisions Grade that could 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 Aegon Ltd. or Manulife Financial Corporation is the better investment when it comes to estimate revisions.

Other Aegon Ltd. and Manulife Financial Corporation Grades

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

Momentum grades help 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.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite 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 F-Score.

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 Aegon Ltd. and Manulife Financial Corporation pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Aegon Ltd. or Manulife Financial Corporation Stock?

Overall, Aegon Ltd. stock has a Value Score of 87, Growth Score of 8 and Estimate Revisions Score of .

Manulife Financial Corporation stock has a Value Score of 84, Growth Score of 35 and Estimate Revisions Score of 43.

Comparing Aegon Ltd. and Manulife Financial Corporation’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.