ConsolidatedStatementofCashFlows MFC JHUSA Other Consolidation Consolidated For the year ended December 31, 2021 (Guarantor) (Issuer) subsidiaries adjustments MFC Operating activities Net income (loss) $ 7,105 $ 1,552 $ 7,997 $ (9,742) $ 6,912 Adjustments: Equity in net income of unconsolidated subsidiaries (6,972) (1,218) (1,552) 9,742 – Increase (decrease) in insurance contract liabilities – (562) 11,281 – 10,719 Increase (decrease) in investment contract liabilities – 50 (6) – 44 (Increase) decrease in reinsurance assets excluding coinsurance transactions – 1,544 (790) – 754 Amortization of (premium) discount on invested assets – 57 124 – 181 Other amortization 16 124 389 – 529 Net realized and unrealized (gains) losses and impairment on assets 62 1,533 3,229 – 4,824 Deferred income tax expense (recovery) 34 190 (351) – (127) Stock option expense – (2) 11 – 9 Cash provided by (used in) operating activities before undernoted items 245 3,268 20,332 – 23,845 Dividends from unconsolidated subsidiary 5,000 489 742 (6,231) – Changes in policy related and operating receivables and payables (22) 424 (1,092) – (690) Cash provided by (used in) operating activities 5,223 4,181 19,982 (6,231) 23,155 Investing activities Purchases and mortgage advances – (31,746) (89,219) – (120,965) Disposals and repayments – 27,194 69,534 – 96,728 Changes in investment broker net receivables and payables – (202) 16 – (186) Investment in common shares of subsidiaries (3,700) – – 3,700 – Net cash flows from acquisition and disposal of subsidiaries and businesses – – (19) – (19) Capital contribution to unconsolidated subsidiaries – (1) – 1 – Return of capital from unconsolidated subsidiaries – 1 – (1) – Notes receivable from parent – – (129) 129 – Notes receivable from subsidiaries (13) – – 13 – Cash provided by (used in) investing activities (3,713) (4,754) (19,817) 3,842 (24,442) Financing activities Redemption of long-term debt (1,250) – – – (1,250) Redemption of capital instruments (468) – (350) – (818) Secured borrowings – – 26 – 26 Change in repurchase agreements and securities sold but not yet purchased – – 186 – 186 Changes in deposits from Bank clients, net – – (164) – (164) Lease payments – (7) (117) – (124) Shareholders’ dividends and other equity distributions (2,500) – – – (2,500) Contributions from (distributions to) non-controlling interests, net – – (13) – (13) Common shares issued, net 51 – 3,700 (3,700) 51 Preferred shares and other equity issued, net 3,171 – – – 3,171 Preferred shares redeemed, net (612) – – – (612) Dividends paid to parent – (742) (5,489) 6,231 – Capital contributions by parent – – 1 (1) – Return of capital to parent – – (1) 1 – Notes payable to parent – – 13 (13) – Notes payable to subsidiaries 129 – – (129) – Cash provided by (used in) financing activities (1,479) (749) (2,208) 2,389 (2,047) Cash and short-term securities Increase (decrease) during the year 31 (1,322) (2,043) – (3,334) Effect of foreign exchange rate changes on cash and short-term securities – (20) (299) – (319) Balance, beginning of year 47 4,907 20,629 – 25,583 Balance, end of year 78 3,565 18,287 – 21,930 Cash and short-term securities Beginning of year Gross cash and short-term securities 47 5,213 20,907 – 26,167 Net payments in transit, included in other liabilities – (306) (278) – (584) Net cash and short-term securities, beginning of year 47 4,907 20,629 – 25,583 End 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, end of year $ 78 $ 3,565 $ 18,287 $ – $ 21,930 Supplemental disclosures on cash flow information: Interest received $ 499 $ 4,112 $ 7,847 $ (1,082) $ 11,376 Interest paid 396 73 1,594 (1,082) 981 Income taxes paid (refund) – (118) 689 – 571 220 | 2022AnnualReport | NotestoConsolidatedFinancialStatements