14. Additional Disclosures Contractual Obligations In the normal course of business, the Company enters into contracts that give rise to obligations fixed by agreement as to the timing and dollar amount of payment. As at December 31, 2022, the Company’s contractual obligations and commitments were as follows: Payments due by period Less than 1 ($ millions) Total year 1 to 3 years 3 to 5 years After 5 years Long-term debt(1) $ 8,702 $ 195 $ 390 $ 2,950 $ 5,167 (1) Liabilities for capital instruments 8,706 239 1,095 566 6,806 Investment commitments 14,193 4,454 5,122 4,029 588 Lease liabilities 420 112 154 93 61 (2) Insurance contract liabilities 1,054,970 11,498 12,365 18,496 1,012,611 (1) Investment contract liabilities 4,690 300 511 514 3,365 Deposits from Bank clients 22,507 16,884 3,000 2,623 – Other 6,180 2,011 2,104 2,011 54 Totalcontractualobligations $ 60,708 $ 23,895 $ 11,865 $ 12,272 $ 12,676 (1) The contractual payments include principal, interest and distributions; and reflect the amounts payable up to and including the final contractual maturity date. The contractual payments reflect the amounts payable from January 1, 2023 up to and including the final contractual maturity date. In the case of floating rate obligations, the floating rate index is based on the interest rates as at December 31, 2022 and is assumed to remain constant to the final contractual maturity date. The Company may have the contractual right to redeem or repay obligations prior to maturity and if such right is exercised, total contractual obligations paid and the timing of payment could vary significantly from the amounts and timing included in the table. (2) Insurance contract liabilities cash flows include estimates related to the timing and payment of death and disability claims, policy surrenders, policy maturities, annuity payments, minimum guarantees on segregated fund products, policyholder dividends, commissions and premium taxes offset by contractual future premiums on in-force contracts. These estimated cash flows are based on the best estimate assumptions used in the determination of insurance contract liabilities. These amounts are undiscounted and reflect recoveries from reinsurance agreements. Due to the use of assumptions, actual cash flows may differ from these estimates (see “Policy Liabilities”). Cash flows include embedded derivatives measured separately at fair value. Legal and Regulatory Proceedings We are regularly involved in legal actions, both as a defendant and as a plaintiff. Information on legal and regulatory proceedings can be found in note 19 of the 2022 Annual Consolidated Financial Statements. 128 | 2022AnnualReport | Management’sDiscussionandAnalysis