Condensed Consolidated Statements of Financial Position Other subsidiaries Total MFC on a Consolidation consolidated As at December 31, 2022 (Guarantor) combined basis adjustments amounts MFLP Invested assets $ 63 $ 413,938 $ – $ 414,001 $ 21 Total other assets 67,543 90,687 (71,852) 86,378 950 Segregated funds net assets – 348,562 – 348,562 – Insurance contract liabilities – 371,405 – 371,405 – Investment contract liabilities – 3,248 – 3,248 – Segregated funds net liabilities – 348,562 – 348,562 – Total other liabilities 11,545 58,246 (444) 69,347 712 Other subsidiaries Total MFC on a Consolidation consolidated As at December 31, 2021 (Guarantor) combined basis adjustments amounts MFLP Invested assets $ 78 $ 427,020 $ – $ 427,098 $ 3 Total other assets 68,866 94,615 (72,724) 90,757 1,088 Segregated funds net assets – 399,788 – 399,788 – Insurance contract liabilities – 392,275 – 392,275 – Investment contract liabilities – 3,117 – 3,117 – Segregated funds net liabilities – 399,788 – 399,788 – Total other liabilities 10,536 53,962 (904) 63,594 852 (ii) Guarantees regarding John Hancock Life Insurance Company (U.S.A.) (“JHUSA”) Details of guarantees regarding certain securities issued or to be issued by JHUSA are outlined in note 24. (e) Pledgedassets In the normal course of business, the Company pledges its assets in respect of liabilities incurred, strictly for providing collateral to the counterparty. In the event of the Company’s default, the counterparty is entitled to apply the collateral to settle the liability. The pledged assets are returned to the Company if the underlying transaction is terminated or, in the case of derivatives, if there is a decrease in the net exposure due to market value changes. The amounts pledged are as follows. 2022 2021 As at December 31, Debt securities Other Debt securities Other In respect of: Derivatives $ 11,944 $ 23 $ 5,525 $ 23 Secured borrowings – 2,385 – 2,575 Regulatory requirements 320 77 367 78 Repurchase agreements 886 – 535 – Non-registered retirement plans in trust – 326 – 377 Other – 404 2 414 Total $ 13,150 $ 3,215 $ 6,429 $ 3,467 (f) Participatingbusiness In some territories where the Company maintains participating accounts, there are regulatory restrictions on the amounts of profit that can be transferred to shareholders. Where applicable, these restrictions generally take the form of a fixed percentage of policyholder dividends. For participating businesses operating as separate “closed blocks”, transfers are governed by the terms of MLI’s and John Hancock Mutual Life Insurance Company’s plans of demutualization. (g) Fixedsurplusnotes A third party contractually provides standby financing arrangements for the Company’s U.S. operations under which, in certain circumstances, funds may be provided in exchange for the issuance of fixed surplus notes. As at December 31, 2022, the Company had no fixed surplus notes outstanding. 210 | 2022AnnualReport | NotestoConsolidatedFinancialStatements