I passed over this yesterday as I didn't see what I expected to see. Since nobody else hit it I will try to help. Take another picture and this time shoot the bottom of the water pump housing aka showing what mates to what we see here. There are 2 seals down there somewhere, back to back (one keeps the LU oil in the lu and the other keeps the water out of the lu, just like on the prop shaft inboard of the propeller.
I just went out to the shop and looked at an old wp housing I had from my 90 hp. The bottom of the housing has a perimeter Oring to seal it to the mid section and the two shaft seals are in the bottom of it. All that's left would be the upper bearing which is what you are looking at if your seals are in the bottom of your water pump housing.
While waiting, the sleeve around the shaft: can you get a screwdriver under the edge (carefully) and prise up on it?
I just expanded your picture and it looks like the outer seal. Take a small screwdriver and push down on the part surrounding the shaft. If it gives, it is and beneath it is another inserted the opposite direction. Otherwise the bottom of your water pump housing will contain the seals, but from what I can tell, I doubt it on your engine.
Mark