ConsolidatedStatementofCashFlows MFC JHUSA Other Consolidation Consolidated For the year ended December 31, 2022 (Guarantor) (Issuer) subsidiaries adjustments MFC Operating activities Net income (loss) $ 7,294 $ 2,046 $ 8,111 $(10,269) $ 7,182 Adjustments: Equity in net income of unconsolidated subsidiaries (7,226) (997) (2,046) 10,269 – Increase (decrease) in insurance contract liabilities – (20,032) (13,381) – (33,413) Increase (decrease) in investment contract liabilities –44(3)–41 (Increase) decrease in reinsurance assets excluding coinsurance transactions – 6,869 (6,710) – 159 Amortization of (premium) discount on invested assets – 46 (78) – (32) Other amortization 9 125 404 – 538 Net realized and unrealized (gains) losses and impairment on assets (36) 15,150 32,156 – 47,270 Gain on U.S. variable annuity reinsurance transaction (pre-tax) – (1,026) (44) – (1,070) Gain on derecognition of Joint Venture interest during Manulife TEDA acquisition (pre-tax) – – (95) – (95) Deferred income tax expense (recovery) (33) 294 470 – 731 Stock option expense –(3)8–5 Cash provided by (used in) operating activities before undernoted items 8 2,516 18,792 – 21,316 Dividends from unconsolidated subsidiary 6,200 399 734 (7,333) – Cash decrease due to U.S. variable annuity reinsurance transaction – (1,263) (114) – (1,377) Changes in policy related and operating receivables and payables 45 2,805 (5,054) – (2,204) Cash provided by (used in) operating activities 6,253 4,457 14,358 (7,333) 17,735 Investing activities Purchases and mortgage advances – (28,798) (82,970) – (111,768) Disposals and repayments 1 23,505 69,901 – 93,407 Changes in investment broker net receivables and payables – (11) (56) – (67) Net cash increase (decrease) from sale (purchase) of subsidiary – – (182) – (182) Investment in common shares of subsidiaries (2,479) – – 2,479 – Capital contribution to unconsolidated subsidiaries –(1)–1– Return of capital from unconsolidated subsidiaries – 19 – (19) – Notes receivable from parent – – 415 (415) – Notes receivable from subsidiaries 46 (7) – (39) – Cash provided by (used in) investing activities (2,432) (5,293) (12,892) 2,007 (18,610) Financing activities Issue of long-term debt, net 946 – – – 946 Redemption of capital instruments – – (1,000) – (1,000) Secured borrowings – – 437 – 437 Change in repurchase agreements and securities sold but not yet purchased – – (551) – (551) Changes in deposits from Bank clients, net – – 1,703 – 1,703 Lease payments – (5) (115) – (120) Shareholders’ dividends and other equity distributions (2,787) – – – (2,787) Common shares repurchased (1,884) – – – (1,884) Common shares issued, net 23 – 2,479 (2,479) 23 Preferred shares and other equity issued, net 990 – – – 990 Preferred shares redeemed, net (711) – – – (711) Contributions from (distributions to) non-controlling interests, net – – (51) – (51) Dividends paid to parent – (734) (6,599) 7,333 – Capital contributions by parent ––1(1)– Return of capital to parent – – (19) 19 – Notes payable to parent – – (39) 39 – Notes payable to subsidiaries (415) – – 415 – Cash provided by (used in) financing activities (3,838) (739) (3,754) 5,326 (3,005) Cash and short-term securities Increase (decrease) during the year (17) (1,575) (2,288) – (3,880) Effect of foreign exchange rate changes on cash and short-term securities 2 225 358 – 585 Balance, beginning of year 78 3,565 18,287 – 21,930 Balance, end of year 63 2,215 16,357 – 18,635 Cash and short-term securities Beginning of year Gross cash and short-term securities 78 4,087 18,429 – 22,594 Net payments in transit, included in other liabilities – (522) (142) – (664) Net cash and short-term securities, beginning of year 78 3,565 18,287 – 21,930 End of year Gross cash and short-term securities 63 2,614 16,476 – 19,153 Net payments in transit, included in other liabilities – (399) (119) – (518) Net cash and short-term securities, end of year $ 63 $ 2,215 $ 16,357 $ – $18,635 Supplemental disclosures on cash flow information: Interest received $ 512 $ 4,050 $ 8,732 $ (1,161) $12,133 Interest paid 424 118 1,867 (1,161) 1,248 Income taxes paid – 124 1,114 – 1,238 219