AUM and AUMA reconciliations (Canadian $ in millions, and based on actual foreign exchange rates in effect in the applicable reporting period, unless otherwise stated) CAD $ US $(4) December31,2022 December31,2022 Global Corporate As at Asia Canada U.S. WAM and Other Total Asia U.S. Total Invested Assets Manulife Bank net lending assets $ – $ 24,779 $ – $ – $ – $ 24,779 $ – $ – (1) Derivative reclassification – – – – 5,701 5,701 – – Invested assets excluding above items 126,267 85,654 154,004 3,717 13,879 383,521 93,179 113,660 Total 126,267 110,433 154,004 3,717 19,580 414,001 93,179 113,660 Segregated funds net assets Segregated funds net assets – Institutional – – – 3,719 – 3,719 – – Segregated funds net assets – (2) Other 23,226 35,695 65,489 220,473 (40) 344,843 17,138 48,333 Total 23,226 35,695 65,489 224,192 (40) 348,562 17,138 48,333 AUM per financial statements 149,493 146,128 219,493 227,909 19,540 762,563 110,317 161,993 Mutual funds – – – 258,183 – 258,183 – – (3) Institutional asset management – – – 109,979 – 109,979 – – Other funds – – – 13,617 – 13,617 – – Total AUM 149,493 146,128 219,493 609,688 19,540 1,144,342 110,317 161,993 Assets under administration – – – 170,224 – 170,224 – – Total AUMA $ 149,493 $ 146,128 $ 219,493 $ 779,912 $ 19,540 $ 1,314,566 $ 110,317 $ 161,993 (4) Total AUMA, US $ $ 970,196 Total AUMA $ 149,493 $ 146,128 $ 219,493 $ 779,912 $ 19,540 $ 1,314,566 (5) CER adjustment – – – – – – Total AUMA, CER basis $ 149,493 $ 146,128 $ 219,493 $ 779,912 $ 19,540 $ 1,314,566 Global WAM Managed AUMA Global WAM AUMA $ 779,912 AUM managed by Global WAM for Manulife’s other segments 229,534 Total $ 1,009,446 (1) Corporate and Other consolidation adjustment related to net derivative assets reclassified from total invested assets to other lines on the Statement of Financial Position. (2) Corporate and Other segregated funds net asset represents elimination of amounts held by the Company. (3) Institutional asset management excludes Institutional segregated funds net assets. (4) The impact of updating foreign exchange rates to that which was used in 4Q22. (5) US $ AUMA is calculated as total AUMA in Canadian $ divided by the US $ exchange rate in effect at the end of the quarter. 118 | 2022AnnualReport | Management’sDiscussionandAnalysis