• Manulife Financial Corp average return on tangible equity for 2023 was 12.47, a 24.24% increase from 2022.
• Manulife Financial Corp average return on tangible equity for 2022 was 16.46, a 12.59% decline from 2021.
• Manulife Financial Corp average return on tangible equity for 2021 was 14.62, a 29.5% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.