Selected Annual Financial Information As at and for the years ended December 31, ($ millions, except per share amounts) 2022 2021 2020 Revenue Asia $ 14,962 $ 29,571 $ 28,455 Canada 3,907 12,366 18,638 U.S. (6,829) 13,256 23,361 Global Wealth and Asset Management 6,311 6,541 5,749 Corporate and Other (1,204) 87 2,705 Total revenue $ 17,147 $ 61,821 $ 78,908 Total assets $ 848,941 $ 917,643 $ 880,349 Long-term financial liabilities Long-term debt $ 6,234 $ 4,882 $ 6,164 Capital instruments 6,122 6,980 7,829 Total financial liabilities $ 12,356 $ 11,862 $ 13,993 Dividend per common share $ 1.32 $ 1.17 $ 1.12 Cash dividend per Class A Share, Series 2 1.1625 1.1625 1.1625 Cash dividend per Class A Share, Series 3 1.125 1.125 1.125 Cash dividend per Class 1 Share, Series 3 0.5870 0.5658 0.5445 Cash dividend per Class 1 Share, Series 4 0.6814 0.3814 0.587 (1) Cash dividend per Class 1 Share, Series 5 – 0.9728 0.9728 (3) Cash dividend per Class 1 Share, Series 7 0.2695 1.078 1.078 Cash dividend per Class 1 Share, Series 9 1.1894 1.0878 1.0878 Cash dividend per Class 1 Share, Series 11 1.1828 1.1828 1.1828 Cash dividend per Class 1 Share, Series 13 1.1035 1.1035 1.1035 Cash dividend per Class 1 Share, Series 15 0.9465 0.9465 0.9465 Cash dividend per Class 1 Share, Series 17 0.950 0.950 0.950 Cash dividend per Class 1 Share, Series 19 0.9188 0.9188 0.9266 (2) Cash dividend per Class 1 Share, Series 21 – 0.70 1.40 (4) Cash dividend per Class 1 Share, Series 23 0.3031 1.2125 1.2125 Cash dividend per Class 1 Share, Series 25 1.175 1.175 1.175 (1) MFC redeemed in full the Class 1 Series 5 preferred shares at par, on December 19, 2021, the earliest redemption date. (2) MFC redeemed in full the Class 1 Series 21 preferred shares at par, on June 19, 2021, the earliest redemption date. (3) MFC redeemed in full the Class 1 Series 7 preferred shares at par, on March 19, 2022, the earliest redemption date. (4) MFC redeemed in full the Class 1 Series 23 preferred shares at par, on March 19, 2022, the earliest redemption date. Differences between IFRS and Hong Kong Financial Reporting Standards Manulife’s Consolidated Financial Statements are presented in accordance with IFRS. IFRS differs in certain respects from Hong Kong Financial Reporting Standards (“HKFRS”). Until IFRS 17 “Insurance Contracts” becomes effective, IFRS 4 “Insurance Contracts” permits the use of the insurance standard in effect at the time an issuer adopts IFRS. IFRS insurance contract liabilities are valued in Canada under standards established by the Canadian Actuarial Standards Board. In certain interest rate environments, insurance contract liabilities determined in accordance with HKFRS may be higher than those computed in accordance with current IFRS. IFRS and Hong Kong Regulatory Requirements Insurers in Hong Kong are required by the Insurance Authority to meet minimum solvency requirements. As at December 31, 2022, the Company’s business that falls within the scope of these requirements has sufficient assets to meet the minimum solvency requirements under both Hong Kong regulatory requirements and IFRS. Outstanding Common Shares As at January 31, 2023, MFC had 1,858,186,149 common shares outstanding. Additional Information Available Additional information relating to Manulife, including MFC’s Annual Information Form, is available on the Company’s website at www.manulife.com and on SEDAR at www.sedar.com. 130 | 2022AnnualReport | Management’sDiscussionandAnalysis