Note 3 Acquisitions (a) ManulifeTEDAFundManagement In November, 2022 the Company acquired control of Manulife TEDA Fund Management Co., LTD through the purchase of the remaining 51% of shares that it did not already own from its joint venture partner. The transaction furthers the Company’s goals of expanding both its Asian and asset management businesses. The transaction included $334 of cash consideration and derecognition of the Company’s previous joint venture interest with a fair value of $321. The Company recorded a gain of $95 on derecognition of the previous joint venture interest. The Company recognized $160 of tangible net assets, $240 of intangible assets and $255 of goodwill. Note 4 Invested Assets and Investment Income (a) Carryingvaluesandfairvaluesofinvestedassets Total carrying Total fair (1) (2) (3) (4) (5) As at December 31, 2022 FVTPL AFS Other value value (6) Cash and short-term securities $ 1,933 $ 10,926 $ 6,294 $ 19,153 $ 19,153 (3),(7),(8) Debt securities Canadian government and agency 14,798 6,468 – 21,266 21,266 U.S. government and agency 9,440 14,384 912 24,736 24,494 Other government and agency 22,986 3,487 – 26,473 26,473 Corporate 120,897 7,745 499 129,141 128,972 Mortgage/asset-backed securities 2,152 136 – 2,288 2,288 (9) Public equities 21,989 1,530 – 23,519 23,519 Mortgages – – 54,638 54,638 51,429 (8) Private placements – – 47,057 47,057 41,968 Policy loans – – 6,894 6,894 6,894 Loans to Bank clients – – 2,781 2,781 2,760 Real estate (10) Own use property – – 1,878 1,878 3,033 Investment property – – 11,394 11,394 11,394 Other invested assets (11) Alternative long-duration assets 26,348 79 12,012 38,439 39,225 (12) Various other 131 – 4,213 4,344 4,344 Total invested assets $ 220,674 $ 44,755 $ 148,572 $ 414,001 $ 407,212 160 | 2022AnnualReport | NotestoConsolidatedFinancialStatements